by James Reyes-Picknell | Sep 12, 2020 | Business Case & Finance, Executive Insights, Management Insights, Reliability, UPTIME
“An ounce of prevention is worth a pound of cure” This axiom arose when Benjamin Franklin was speaking about health care. It also applies to large industrial organizations that invest from millions to billions in equipment (capital assets). Unfortunately, only a...
by Len Middleton | Jun 10, 2020 | Maintenance Tactics, Reliability, Risk Management, UPTIME
Understanding conditional probability is key to determining the right maintenance and how it impacts your reliability. This article is to address the difference in the conditional probability of failure patterns, and the impact on how best to maintain assets based...
by James Reyes-Picknell | Jun 9, 2020 | Asset Management, Business Case & Finance, KPIs & Performance Management, Reliability, UPTIME
In part 1 of this 2 part series, “Maintenance and Reliability Maturity”, I point out that achieving the maximum value from your physical assets will require excellence in 2 main dimensions, efficiency, and effectiveness. Those are described more fully in...