In this dynamic session from MaximoWorld, Ed Stanek, Chief Operations Officer at Asset Analytics, explores how to accelerate reliability strategy optimization within your organization. He emphasizes a practical, agnostic approach that transcends software platforms, focusing on continuous improvement for asset strategies and preventive maintenance.
Stanek highlights a common challenge: PMs often prevent failure, but what happens when they don't? He introduces two powerful, agile methodologies:
- PMO Sprint: A targeted approach to optimize job plans by identifying "target-rich" plans that yield significant impact on labor costs, scheduled downtime, and annualized maintenance expenses. This strategy focuses on increasing efficiency by challenging individual tasks within job plans, moving away from time-based assumptions to condition-based insights.
- FRACAS (Failure Reporting, Analysis, and Corrective Action System): An agile, light version of root cause analysis that examines failures happening around PMs. It helps distinguish between induced failures and naturally occurring reliability issues, guiding you to the correct countermeasures—whether it's a training opportunity, a procedure update, or a PM modification.
Stanek illustrates these concepts with real-world examples, demonstrating how to leverage existing Maximo data to identify problematic job plans and analyze the true cost of failures, including operational impact. He also stresses the importance of data quality and standardizing asset registries across multi-site organizations to unlock greater scale and efficiency. This session offers actionable insights for Maximo users looking to make continuous, impactful improvements to their maintenance and reliability programs.
