Justifying an aggressive project in maintenance is always a challenge. The difficulty lies in the unclear relationship between maintenance activities and their quantifiable effectiveness with regard to organizational performance. The LRCM / EXAKT system provides the means to establish such a mathematical relationship. However, until such a system is in place we need to use softer techniques for estimating Return on Investment (ROI) of a proposed project. The following spreadsheet can be used as a template for a estimating the ROI of a proposed LRCM / EXAKT project. Please customize the spreadsheet by entering values and factors that are reasonable in the context of your operational and maintenance facility.
A rigorous method of assessing changes in Condition Based Maintenance procedures will become available to you once you adopt LRCM techniques for the development of optimized maintenance decision models.
© 2012, Murray Wiseman. All rights reserved.