FREE: Introduction to Uptime Elements Reliability Framework and Asset Management System

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.

Learn about LUDECA vibration monitoring tools

Tip Provided by: LUDECA

Upcoming Events

August 8 - August 10, 2023

Maximo World 2023

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
IMC-2022 Who's Who: The World's Best Run Companies

The International Maintenance Conference (IMC) provides a fresh, positive community-based curated experience to gain knowledge and a positive perspective for advancing reliability and asset management through people, their managers, the strategy, the processes, the data and the technology.

Uptime Elements Root Cause Analysis

Root Cause Analysis is a problem solving method. Professionals who are competent in Root Cause Analysis for problem solving are in high demand.

Reliability Risk Meter

The asset is not concerned with the management decision. The asset responds to physics

Why Reliability Leadership?

If you do not manage reliability culture, it manages you, and you may not even be aware of the extent to which this is happening!

Asset Condition Management versus Asset Health Index

Confusion abounds in language. Have you thought through the constraints of using the language of Asset Health?

Seven Chakras of Asset Management by Terrence O'Hanlon

The seven major asset management chakras run cross-functionally from the specification and design of assets through the asset lifecycle to the decommissioning and disposal of the asset connected through technology

Reliability Leader Fluid Cleanliness Pledge

Fluid Cleanliness is a Reliability Achievement Strategy as well as an asset life extension strategy

MaximoWorld 2022 Conference Austin Texas

Connect with leading maintenance professionals, reliability leaders and asset managers from the world's best-run companies who are driving digital reinvention.

“Steel-ing” Reliability in Alabama

A joint venture between two of the world’s largest steel companies inspired innovative approaches to maintenance reliability that incorporate the tools, technology and techniques of today. This article takes you on their journey.

Three Things You Need to Know About Capital Project Prioritization

“Why do you think these two projects rank so much higher in this method than the first method?” the facilitator asked the director of reliability.