Have you ever been asked "How much longer will it run" or "Can we make our production schedule" or other 'crystal ball' type questions? These types of questions can be very difficult or virtually impossible to answer. They often place a reliability professional in a difficult position.
Some future indicators are (or should be) available to your organization that will help you answer the above questions when asked. Four of those indicators are:
1. Preventive Maintenance (PM) Completion Rate
Low PM completion rates directly correlate to increased future equipment maintenance work. High PM completion rates mean that needed equipment maintenance is being completed and future maintenance issues will be avoided.
2. Ready to Work Backlog
This is an indicator of preparedness and efficiency to complete maintenance work.
3. Outage Schedule Compliance
This is a very important metric to track and is an indicator of future maintenance work. A lack of adherence to outage schedules creates deferred equipment maintenance. This results in increased risks and likelihood that equipment performance will decrease at a future time, leading to lower capacity, increased downtime, and greater expenses.
4. Equipment Asset Health Reporting
Proper utilization of condition monitoring technologies like vibration analysis, IR thermography, lubrication analysis, ultrasound and others are a proactive strategy to ensure that hidden failures become known and corrected before they result in equipment downtime or other unwanted consequences. Tracking these indicators together can provide insights into future asset health. A lot of "red" assets from these technologies will result in future unwanted equipment maintenance and unwanted downtime if corrective action not taken. Additionally, this can be used to help prioritize equipment maintenance efforts if a good critical equipment ranking system is in place.