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Reliability Centered Maintenance (RCM) - KPI's for Measuring Success

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Original date: 
Monday, March 7, 2016
Abstract: 

This paper was developed as a collaboration between PEMAC members at the initiative of the  GTA Chapter. The purpose of the paper is to provide maintenance and reliability professionals with the key KPI’s that should be used to measure the effectiveness and success of an RCM program. First the whitepaper will explore where and when to apply RCM.

Reliability Centered Maintenance (RCM) is a rigorous risk management methodology widely used to improve the availability of physical assets by determining the optimal failure management strategies for those assets in their present or planned operating context. Because it is a resource intensive methodology it is typically used in high-risk mission-critical contexts. The failure management strategies that are output from an RCM analysis might include preventive maintenance, predictive maintenance, run-to-failure strategies, and design or operating process changes. RCM produces an array of business benefits including: 

  •  Increased reliability and availability leading to increased levels of production or service delivery capability, potentially increasing revenue 
  •  Increased levels of quality and precision, 
  •  Increased levels of compliance with environmental regulations and standards 
  •  Increased levels of safety, and 
  •  Lower operating costs. 

These benefits translate into increased business stability and predictability which can lead to more favorable treatment by investors, lenders and insurers, and preferred supplier status for customers. When considering or implementing a methodology like RCM, it is important to understand the circumstances for which RCM is best suited and how best to measure success should you move forward with an RCM program. 

The purpose of this whitepaper is to provide maintenance and reliability professionals with the key KPI’s that should be used to measure the effectiveness and success of an RCM program. First the whitepaper will explore where and when to apply RCM.

BoK Content Source: 
PEMAC Produced
BoK Content Type: 
White Paper
Asset Management Framework Subject: 
01 Strategy & Planning, 1.02 Asset Mgmt Strategy & Objectives, 1.05 Asset Management Planning, 03 Lifecycle Delivery, 3.05 Maintenance Delivery
Maintenance Management Framework Subject: 
02 Maintenance Program Mgmt, 2.7 Program Measurement / KPIs, 04 Tools and Tactics, 4.1 Reliability Centered Maint., 10 Continuous Improvement, 10.1 Metrics / KPIs
Publisher: 
PEMAC
Edition or Version: 
V1
Author Bio: 

PEMAC is a national not for profit association providing global leadership, education and certification in maintenance, reliability and asset management practices. PEMAC's mission is to improve its member's professionalism, safety, performance, and outside recognition and to act as a public voice for its members and the profession.