Abstract from ME Magazine Paper on "Developing a Maintenance Strategy & Setting Performance Targets".
Cost Effective Maintenance Management is a goal for many companies.
An obvious step to achieving cost effective maintenance includes
selecting the appropriate maintenance strategy. Areas often neglected
in the process include defining availability and reliability requirements,
measuring performance correctly or even identifying assets satisfactorily.
Factors such as fault and failure modes, criticality and information
management also need to be considered.
Using the wrong maintenance technique can waste time, money and resources, and often has no effect on improving or maintaining availability. Topics covered in this paper
include: the key stages in setting up a maintenance programme; the factors that facilitate measurement of cost effectiveness; some of the common areas of weakness that companies overlook.
The Magazine can be downloaded from Maintenance Online (see pages 40-44), or contact us by email or on +44(0)161 4912222 to request a copy of the paper.