MP4704: Maintenance Management Strategy Presentation Analysis

This presentation focuses on shortcut RCM methods and PM optimization strategies for maintenance management. It explores the concept of maintenance planning, highlighting the economic benefits of RCM implementation, such as increased cost-effectiveness, higher reliability, and reduced failure rates. The presentation discusses the advantages of a proactive approach, emphasizing the importance of risk management and the use of PMO2000 for hazard control. It contrasts shortcut RCM methods with traditional RCM, emphasizing their faster and cheaper implementation. Additionally, it examines the Planned Maintenance Optimization process, its inverse relationship with RCM, and its focus on cost management. The analysis includes discussions on failure models, risk assessment, and the reduction of maintenance costs, concluding that shortcut RCM methods, when combined with PMO, can significantly improve efficiency and cost-effectiveness.

Shortcut RCM methods and PM
Optimization are faster and cheaper

RCM implementation
• Concept of maintenance planning
• Successful implementation of RCM helps in increasing
cost effectiveness
• Hugh reliability and proper understanding of risks

Economic benefits of RCM
• Project is planned before it starts hence increases
efficiency
• The process pays for itself in few weeks and months
• Payback period might increase to 2 months as well

Economic benefits
• Higher plan performance is achieved, hence increasing
cost effectiveness
• Cost is reduced in plant maintenance
• Substantial reduction in direct maintenance cost

Economic benefits
• Increases total throughput
• Reduction in failure rates
• Increases plant avaialabilty

Economic benefit
• Reduction in scrap rates
• Usage of PMO2000 will have hazard control by one year
• Traditional RCM might take upto 6 years hence Shortcut
RCM methods will be beneficial.

RCM Risks
• RCM helps in performing proper risk management
• Only 4% total failure is considered
• 25% failure models are considered as well

RCM risks
• Legislative operation for more and more physical assets
• Changed began with sweeping of legislation
• Hazardous materials are well assessed

Faster and cheaper
• There are presence of streamlined methods
• Training is required
• Decisions are questionable as data area omitted.

Planned Maintenance
Optimization
• Process starts with existing maintenance task
• Users try to identify the failure model
• Re examination of the steps regarding failure

Economic benefits
• Helps in identifying effective failure management policy
• Works in a process that is inverse to RCM, however cot
management being its main goal.
• Retroactive approaches are considered as well

Economic benefits
• Preventive maintenance is used hence risk identification
process gets better and risk assessment is performed in a
better manner.
• This increases the cost efficiency
• Most of the tasks are added to the protective devices