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What is Reliability Worth to Your Business?

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Original date: 
Saturday, March 19, 2022

We know that reliability has value to your business, but many of us with technical backgrounds struggle to present a good business case to decision-makers. We are very often held back by budget constraints and we are not in a position to make decisions involving financial risk-taking. Most of us don't have a business background, nor do we speak "finance". It is a whole different language than maintenance and reliability, yet we all want the same things for our business. This presentation will give you some ideas on what you will need to determine in order to show what reliability is worth, and how to present that to decision-makers.

BoK Content Source: 
MainTrain 2022
BoK Content Type: 
Presentation Slides
Presentation Paper
Asset Management Framework Subject: 
02 Asset Management Decision Making, 2.01 Capital Investment Decision-Making, 2.02 Operations & Maintenance Decision-Making, 03 Lifecycle Delivery, 3.06 Reliability Engineering
Maintenance Management Framework Subject: 
00 Maintenance Management - General, 1.4 Strategic Maintenance Plan, 02 Maintenance Program Mgmt, 2.4 Maint. Budget/Cost Control, 04 Tools and Tactics, 4.1 Reliability Centered Maint., 4.2 Preventive Maint. Optimization, 4.4 Preventive Maintenance, 4.6 Condition Monitoring, 4.8 Predictive Maint. Techniques, 05 Maintenance & Reliability Engineering, 5.0 Maintenance and Reliability Eng General, 5.5 Reliability Sustainment, 5.6 Relability Performance Measurement, 06 Work Management, 6.2 Work Planning, 6.3 Work Scheduling & Coordination, 10 Continuous Improvement, 10.2 Benchmarking, 10.3 Maintenance Management Improvements, 10.4 Maintenance Practices Improvements, 10.5 Asset Reliability Improvements
Author Title: 
Managing Consultant
Author Employer: 
Conscious Group Inc.
Author Bio: 

James Reyes-Picknell is an MMP instructor, PEMAC volunteer, and former board member. He is founder and president of Conscious Asset, and author of the bestseller Uptime — Strategies for Excellence in Maintenance Management, several other books, and numerous magazine articles. His latest publication in April 2017, co-authored with Jesus Sifonte, is destined to change the RCM world for the better while showing how RCM is an integral aspect of asset management. James is a professional engineer, certified management consultant, and a thought leader in the fields of maintenance and asset reliability. He works with clients in asset-intensive industries such as resource extraction and processing, utilities, transportation, and manufacturing, where high reliability is a key to business success.