Asset Management Presentation Slides
Maintenance was once an undervalued, Cinderella activity. Now it is a sophisticated blend of statistical and analytical techniques that are seen as vital in obtaining the best value from assets over their entire lifetime.
Effective maintenance focusses on doing enough to maintain the functionality of the asset. Not too little to cause breakdowns or too much meaning excessive costs and downtime. Regulators play a role in all industrial sectors, adding to the pressure to design safe, economically maintainable, and environmentally friendly equipment. In addition, maintainers need to meet the quality and financial objectives set by their managements.
The costs visible above the water line are obvious and important, but they are far from all.
Just look at the hidden costs, many of which will not appear in a cost report however well allocated.