August 13, 2020, 12:44 pm

Putting a value on maintenance and reliability improvement

Given that Assetivity’s business model is all about delivering value to our clients through improvements in asset management, maintenance management and reliability engineering, it is not surprising that we are often asked how best to put a value on maintenance and reliability improvements project.

The answer of course is ‘that depends on the nature of the project’.

In this article, we will consider the three levers of value in any maintenance and reliability improvement project, explore five approaches that we commonly apply to estimate the likely value from the improvement projects, and discuss methods for measuring and monitoring whether the project is actually delivering on its promise.

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