Determining if maintenance on specific assets is worthwhile is tied to the risk associated with the failures it is meant to prevent. When considering that many (if not most) failures are caused by intervention or improper maintenance, the minimum amount of safe maintenance not only adds to an organization’s bottom line but increases uptime and […]
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Value-Based Maintenance
By Marius Basson I was recently asked about value-based maintenance, and it made me think about what we do every day for our clients – it is exactly that! The Aladon Network is the global risk and reliability network that specializes in RCM-based methodologies applied to physical assets in all industries and endeavors known to […]
Knowing the Difference Between Criticality, Consequence and Risk Can Lead to Better Business Outcomes and Avert Disaster
When it comes to managing an organization’s physical assets, it is crucial to understand the difference between criticality, consequence and risk. Organizations that focus on risk attempt to reduce intolerable risks to tolerable levels, while ignoring critical assets posing a low-risk. While companies may acknowledge the criticality of their assets, they may do little or […]