{"id":1760,"date":"2012-03-16T14:04:38","date_gmt":"2012-03-16T19:04:38","guid":{"rendered":"http:\/\/www.livingreliability.com\/en\/?p=1760"},"modified":"2025-11-06T05:52:20","modified_gmt":"2025-11-06T10:52:20","slug":"measuring-cbm-effectiveness","status":"publish","type":"post","link":"https:\/\/www.livingreliability.com\/en\/posts\/measuring-cbm-effectiveness\/","title":{"rendered":"Measuring and Improving CBM Effectiveness"},"content":{"rendered":"<p><em>Maintenance departments regularly implement policies and technology aimed at improving maintenance effectiveness. However engineers who implement and justify such projects in the maintenance department often encounter difficulty when trying to quantify, credibly, a project&#8217;s impact on maintenance or on asset performance. The problem lies in the many factors governing <a title=\"Performance Metrics\" href=\"http:\/\/www.livingreliability.com\/en\/posts\/performance-metrics-low-and-high-level-kpis\/\" target=\"_blank\" rel=\"noopener noreferrer\">Performance Metrics<\/a>\u00a0at different time periods. How do we know whether an increase in availability in a given fleet or equipment was due to our project, or to some change in production, the weather, or the insertion of other technology? The EXAKT\u2122 \/ Living RCM Certified\u00ae approach to improving maintenance effectiveness answers such questions by applying a set of rigorous analytical techniques such as that described below.<\/em><\/p>\n<p><!-- copy and paste. Modify height and width if desired. --><iframe loading=\"lazy\" class=\"tscplayer_inline embeddedObject\" style=\"overflow: hidden;\" src=\"https:\/\/www.screencast.com\/users\/murray.wiseman\/folders\/Camtasia Studio\/media\/86d0c79f-a244-42d5-a589-986648f15b45\/embed\" name=\"tsc_player\" width=\"640\" height=\"360\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>A CBM policy is a rule or procedure for interpreting and acting upon condition monitoring data emanating from a physical asset. CBM effectiveness is related, to how \u201cgood\u201d the condition data is. That is, to what degree it:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ol start=\"1\">\n<li>\u00a0Reflects internal degradation in the item, and \/ or<\/li>\n<li>\u00a0Measures the accumulated external stress imposed on the item.<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n<p>CBM effectiveness also depends on the ratio of the average<sup>[<a href=\"#measuring-cbm-effectiveness-n-1\" class=\"footnoted\" id=\"to-measuring-cbm-effectiveness-n-1\">1<\/a>]<\/sup> cost of a preventive action to the average economic consequences of failure.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.livingreliability.com\/en\/wp-content\/ql-cache\/quicklatex.com-53739ff6ddf2a4a7cdbb13ba4810794c_l3.png\" class=\"ql-img-inline-formula quicklatex-auto-format\" alt=\"&#67;&#111;&#115;&#116;&#32;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#32;&#47;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#32;&#117;&#110;&#105;&#116;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#119;&#111;&#114;&#107;&#105;&#110;&#103;&#97;&#103;&#101;&#61;&#92;&#102;&#114;&#97;&#99;&#123;&#110;&#111;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#111;&#102;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#102;&#97;&#105;&#108;&#117;&#114;&#101;&#115;&#92;&#116;&#105;&#109;&#101;&#115;&#92;&#108;&#101;&#102;&#116;&#40;&#67;&#43;&#75;&#32;&#92;&#114;&#105;&#103;&#104;&#116;&#41;&#32;&#43;&#110;&#111;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#111;&#102;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#112;&#114;&#101;&#118;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#114;&#101;&#112;&#108;&#97;&#99;&#101;&#109;&#101;&#110;&#116;&#115;&#92;&#116;&#105;&#109;&#101;&#115;&#32;&#67;&#125;&#123;&#116;&#111;&#116;&#97;&#108;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#119;&#111;&#114;&#107;&#105;&#110;&#103;&#97;&#103;&#101;&#92;&#108;&#101;&#102;&#116;&#40;&#69;&#70;&#32;&#92;&#114;&#105;&#103;&#104;&#116;&#41;&#43;&#116;&#111;&#116;&#97;&#108;&#92;&#104;&#115;&#112;&#97;&#99;&#101;&#123;&#49;&#32;&#109;&#109;&#125;&#119;&#111;&#114;&#107;&#105;&#110;&#103;&#97;&#103;&#101;&#92;&#108;&#101;&#102;&#116;&#40;&#69;&#83;&#32;&#92;&#114;&#105;&#103;&#104;&#116;&#41;&#125;&#32;\" title=\"Rendered by QuickLaTeX.com\" height=\"29\" width=\"542\" style=\"vertical-align: -9px;\"\/><\/p>\n<p>Where:<\/p>\n<blockquote><p>C=cost of a pro-action<br \/>\nK=added cost due to failure<br \/>\nEF = histories ended by failure<br \/>\nES = histories ended by proaction (suspension)<\/p><\/blockquote>\n<p><strong>Practical\u00a0CBM decision modeling depends on how well the life ending events:<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ol start=\"1\">\n<li>\u00a0Failure (either PF or FF), or<\/li>\n<li>\u00a0Suspension<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n<p>have been discriminated in the CMMS\/EAM.<\/p>\n<p><strong>Therefore to improve CBM effectiveness, we need to: <\/strong><\/p>\n<ol>\n<li>Improve feature extraction\u00a0\u2013 select features for CBM decision making that truly reflect internal or external influence<sup>[<a href=\"#measuring-cbm-effectiveness-n-2\" class=\"footnoted\" id=\"to-measuring-cbm-effectiveness-n-2\">2<\/a>]<\/sup>.<\/li>\n<li>Perform CBM on items with a high (C+K)\/C ratio.<\/li>\n<li>Discriminate between ending event types in the CMMS\/EAM.<\/li>\n<\/ol>\n<p>The combined EXAKT\u2122 \/ <em>Living RCM Certified\u00ae<\/em> methodology<sup>[<a href=\"#measuring-cbm-effectiveness-n-3\" class=\"footnoted\" id=\"to-measuring-cbm-effectiveness-n-3\">3<\/a>]<\/sup> fills all three of these requirements.<\/p>\n<p><strong>How good is our CBM performance?\u00a0 How can we measure CBM Performance?\u00a0<\/strong><\/p>\n<p>The following analytic procedure in EXAKT provides the means by which to assess and compare CBM performance in various calendar periods and to predict the performance of a proposed prognostic model. This method can be used by maintenance managers to justify expanding or adjusting (or abandoning) a given CBM task. \u00a0We illustrate the procedure by performing <a title=\"CBM Exercies\" href=\"http:\/\/www.livingreliability.com\/en\/posts\/cbm-exercises\/\" target=\"_blank\" rel=\"noopener noreferrer\">Exercise 1<\/a> <sup>[<a href=\"#measuring-cbm-effectiveness-n-4\" class=\"footnoted\" id=\"to-measuring-cbm-effectiveness-n-4\">4<\/a>]<\/sup>and then executing the following steps:<\/p>\n<ol start=\"1\">\n<li><strong>ExaktM, File, Open, Navigate to folder test\\Files_For_Exercise1, Transmission_WMOD.mdb, Open\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/6.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1783\" title=\"6\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/6-300x221.jpg\" alt=\"\" width=\"300\" height=\"221\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/6-300x221.jpg 300w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/6.jpg 353w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/strong><\/li>\n<li><strong>Modeling, Select Current Model\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/7.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1785\" title=\"7\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/7.jpg\" alt=\"\" width=\"185\" height=\"227\" \/><\/a><\/strong><\/li>\n<li><strong>TransOil Anal, il, OK\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/8.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1786\" title=\"8\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/8.jpg\" alt=\"\" width=\"202\" height=\"174\" \/><\/a><\/strong><\/li>\n<li><strong>Modeling\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/9.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1790\" title=\"9\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/9.jpg\" alt=\"\" width=\"191\" height=\"191\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/9.jpg 191w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/9-100x100.jpg 100w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/9-150x150.jpg 150w\" sizes=\"auto, (max-width: 191px) 100vw, 191px\" \/><\/a><\/strong><\/li>\n<li><strong>Decision Model\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/10.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1792\" title=\"10\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/10-300x239.jpg\" alt=\"\" width=\"300\" height=\"239\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/10-300x239.jpg 300w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/10.jpg 308w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/strong><\/li>\n<li><strong>Cost Comparison\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/11.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1794\" title=\"11\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/11.jpg\" alt=\"\" width=\"138\" height=\"148\" \/><\/a><\/strong><\/li>\n<li><strong><strong>Exclude <\/strong><\/strong>(in the dialog shown in the 2<sup>nd<\/sup> figure below)<strong><strong> Histories that<\/strong><\/strong>\n<ol start=\"1\">\n<li style=\"list-style-type: none;\">\n<ol start=\"1\">\n<li>Have only just begun at the time of this analysis. (easily identified in View, Histories.)<\/li>\n<li>Are missing a substantial number of inspections<\/li>\n<li>Are part of another time window. And we want to compare peformance in two separate time windows. That is we want to determine if the model has maintained or improved its effectiveness.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>(The above conditions for history exclusion may be easily identified using the EXAKT View, Histories functions as in the figure below.)<\/p>\n<p><strong><strong><a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/12b.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1795\" title=\"12b\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/12b-300x118.jpg\" alt=\"\" width=\"300\" height=\"118\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/12b-300x118.jpg 300w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/12b.jpg 441w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/strong><\/strong>Checking a history (in the dialog of the next image) will exclude it.<\/p>\n<p><a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/12.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1797\" title=\"12\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/12-300x218.jpg\" alt=\"\" width=\"300\" height=\"218\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/12-300x218.jpg 300w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/12.jpg 463w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><strong>Apply minimum working age <\/strong>(3rd column in diagram above) <strong>for preventive intervention.<\/strong><br \/>\nThis is an option in EXAKT which may be used when setting the model&#8217;s decision parameters. Sometimes there is a short period of time at the beginning of a life cycle where the mechanical components are &#8220;bedding in&#8221; or &#8220;wearing in&#8221;. During this period monitored variables, such as wear metals may be abnormally high. This would cause the hazard as calculated by the PHM to be expectedly high. But the model should not return a potential failure alarm during this transitory period. By setting this parameter, we avoid false alarms during the bedding in time.<\/li>\n<li><strong><strong>Edit individual histories\u00a0<\/strong><\/strong>that were not excluded in the previous step.\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/13.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1798\" title=\"13\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/13-300x161.jpg\" alt=\"\" width=\"300\" height=\"161\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/13-300x161.jpg 300w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/13.jpg 553w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/li>\n<li><strong><strong>\u00a0Examine the &#8220;Summary of Decision Model Parameters&#8221;.\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/14.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1823\" title=\"14\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/14-300x101.jpg\" alt=\"\" width=\"300\" height=\"101\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/14-300x101.jpg 300w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/14.jpg 476w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/strong><\/strong>Where:<strong><br \/>\n<\/strong><\/p>\n<ol>\n<li><strong>Minimum preventive maintenance time<\/strong><br \/>\nSee explanation given in step 7. And<\/li>\n<li><strong>Regular maintenance interval<\/strong><br \/>\nIs an option in EXAKT that is used when setting the decision parameters. This optional parameter of the CBM Model will, if applicable, improve the calculation of the optimal policy. The Regular Maintenance Interval refers to non-rejuvenating events performed regularly in time and those actions are known to impact the covariate values. Such events may include minor adjustments, calibrations or oil changes carried out at some interval of the working age. For example, oil changes performed every 600 hours.<\/li>\n<\/ol>\n<\/li>\n<li><strong><strong>Examine the &#8220;Summary of Events and Decided Histories&#8221;.\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/151.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1802\" title=\"15\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/151-300x119.jpg\" alt=\"\" width=\"300\" height=\"119\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/151-300x119.jpg 300w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/151.jpg 488w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/strong><\/strong>Where:\n<ol>\n<li><strong>\u201cCurrent\u201d:\u00a0 <\/strong><br \/>\nWhat actually occurred? Of the 13 actual histories in the sample 6 failed, 3 were replaced, and 4 are \u201cundecided\u201d \u2013 that is, at this time we do not know whether they will eventually fail or be preventively replaced. (At present they are still operating).<strong><br \/>\n<\/strong><strong><strong><br \/>\n<\/strong><\/strong><\/li>\n<li><strong>EXAKT applied:<\/strong>When the \u00a0EXAKT policy is applied retroactively to the data set,\n<ul>\n<li>1 history would have ended having failed,<\/li>\n<li>6 would have been preventively replaced, and<\/li>\n<li>6 would have been undecided<\/li>\n<\/ul>\n<p>We may conclude that the number of failures would have been significantly reduced, but this is not enough to justify \u00a0the CBM policy. We need to determine (in step 11) the relative cost of the improved failure rate.<\/li>\n<li><strong>Fitted EXAKT applied: <\/strong>The curve of the EXAKT decision chart is fitted to the actual data; so as to minimize \u201caverage\u201d realized cost.<strong><br \/>\n<\/strong><\/li>\n<\/ol>\n<\/li>\n<li><strong><strong>Examine Cost Summary Tables A and B\u00a0<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/16.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1805\" title=\"16\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/16-300x130.jpg\" alt=\"\" width=\"300\" height=\"130\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/16-300x130.jpg 300w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/16.jpg 436w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/strong><\/strong>\n<ol>\n<li><strong>EXAKT applied:<\/strong><strong>\u00a0<\/strong><br \/>\nThe cost of the policy obtained from applying the optimal model retroactively to the sample.<strong><br \/>\n<\/strong><\/li>\n<li><strong>Fitted EXAKT applied: <\/strong>The curve of the EXAKT decision chart is fitted to the actual data; so as to minimize \u201caverage\u201d realized cost.<strong><br \/>\n<\/strong><\/li>\n<li><strong>EXAKT: <\/strong>The theoretical \u201cexpected\u201d cost effectiveness of the EXAKT model. It is a projection of the future effectiveness of the proposed policy for opposing assumptions A and B.<strong><br \/>\n<\/strong><\/li>\n<li><strong>Replace at failure: <\/strong>The policy of not using any proactive (neither scheduled nor on-condition) maintenance<a href=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/17.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1807\" title=\"17\" src=\"http:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/17-300x133.jpg\" alt=\"\" width=\"300\" height=\"133\" srcset=\"https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/17-300x133.jpg 300w, https:\/\/www.livingreliability.com\/en\/wp-content\/uploads\/2012\/03\/17.jpg 438w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/li>\n<li><strong>Table B provides the other extreme assumption. <\/strong>While Table A assumed that histories that are at present incomplete will have been (successfully) preventively replaced by the proposed decision model, Table B simply ignores the incomplete histories. One may consider the assumptions of A and B as defining the envelope of possibilities of future performance of the model. If both provide satisfactory results (in the columns &#8220;Compared to Current&#8221;), we may confidently estimate the value of the proposed CBM policy and apply the model going forward.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p><strong>Conclusion<\/strong><\/p>\n<ol start=\"1\">\n<li>The above analysis procedure provides a way to judge the potential benefits of a proposed CBM policy.<\/li>\n<li>It also provides a way to track and compare CBM performance in different calendar periods as an objective way to document improvements in maintenance performance.<\/li>\n<li>It uses various sets of assumptions and calculations to probe the robustness of the proposed CBM decision model and the credibility of its impact on maintenance effectiveness (asset performance).<\/li>\n<li>It is a tool that a maintenance engineer may use to gain a degree of comfort by arriving at similar numbers using calculations at the extreme edges of the envelope of possibilities when applying the proposed model. In the above case tables A and B calculate \u00a0improvement in the range of 25 to 50%, indicating that we can expect an average improvement (over the current policy) of 33% by applying EXAKT optimization.<\/li>\n<li>It is a statistically robust and valid method for demonstrating the value, with regard to bottom line profitability resulting from a given CBM policy.<\/li>\n<li>The &#8220;living&#8221; RCM methodology enables such decision support by ensuring the quality of EAM data.<\/li>\n<\/ol>\n\n<ol class=\"footnotes\">\n\t<li class=\"footnote\" id=\"measuring-cbm-effectiveness-n-1\"><strong><sup>[1]<\/sup><\/strong>Average relative costs of failure versus prevention are a good input to a decision process because: 1) They are well understood and can be reasonably ball-parked by managers and engineers. And, 2) The software permits <a href=\"http:\/\/www.livingreliability.com\/en\/posts\/exakt-cost-sensitivity-analysis\/\">sensitivity analysis<\/a> that determines to what extent errors in the assumption of average costs will impact the validity of the proposed policy&#8217;s projected performance.<a class=\"note-return\" href=\"#to-measuring-cbm-effectiveness-n-1\">&#x21A9;<\/a><\/li>\n\t<li class=\"footnote\" id=\"measuring-cbm-effectiveness-n-2\"><strong><sup>[2]<\/sup><\/strong>We refer here to the &#8220;influence&#8221; of a risk factor, such as a monitored data point, on failure probability. The premise of CBM, of course, is that monitored data influences (i.e. reflects) failure probability. It is incumbent on the maintenance or reliability engineer to discover the respective influence of available monitored data and develop an interpretive model for decision making. <a class=\"note-return\" href=\"#to-measuring-cbm-effectiveness-n-2\">&#x21A9;<\/a><\/li>\n\t<li class=\"footnote\" id=\"measuring-cbm-effectiveness-n-3\"><strong><sup>[3]<\/sup><\/strong>EXAKT\u2122 is a software enabled technique for correlating condition data and maintenance history and generating a CBM decision model (i.e. a rule for interpreting CBM data) based on probability and business factors. LRCM (living RCM) is a work order integrated procedure that uses the Mesh\u2122 EAM add-on module for ensuring accurate data for reliability analysis and decision modeling.<a class=\"note-return\" href=\"#to-measuring-cbm-effectiveness-n-3\">&#x21A9;<\/a><\/li>\n\t<li class=\"footnote\" id=\"measuring-cbm-effectiveness-n-4\"><strong><sup>[4]<\/sup><\/strong>This link (<a href=\"http:\/\/www.livingreliability.com\/en\/posts\/cbm-exercises\/\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.livingreliability.com\/en\/posts\/cbm-exercises\/<\/a>) provides a full functioned time limited version of the EXAKT software as well as a series of exercises with data for gaining proficiency in its use.<a class=\"note-return\" href=\"#to-measuring-cbm-effectiveness-n-4\">&#x21A9;<\/a><\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Maintenance departments regularly implement policies and technology aimed at improving maintenance effectiveness. However engineers who implement and justify such projects in the maintenance department often encounter difficulty when trying to quantify, credibly, a project&#8217;s impact on maintenance or on asset performance. The problem lies in the many factors governing Performance Metrics\u00a0at different time periods. How [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[115],"tags":[120,17,35,111,112,92,19],"class_list":["post-1760","post","type-post","status-publish","format-standard","hentry","category-exercises","tag-automation","tag-confidence","tag-continuous-improvement","tag-kpis","tag-lrcm","tag-optimization","tag-rule"],"_links":{"self":[{"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/posts\/1760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/comments?post=1760"}],"version-history":[{"count":5,"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/posts\/1760\/revisions"}],"predecessor-version":[{"id":8515,"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/posts\/1760\/revisions\/8515"}],"wp:attachment":[{"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/media?parent=1760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/categories?post=1760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.livingreliability.com\/en\/wp-json\/wp\/v2\/tags?post=1760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}