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The Business Case For Reliability (Page 8)

Asset Health Report

  VIB IR. OIL REF MCE EC. PM AE
Chiller                
Compressor                   
Pump                

Selecting what technologies to apply to what assets is the relatively easy part, determining for each inspection what constitutes:

               

Un-healthy

                 Cautionary
                 Healthy

This is the part that requires significant research into best practices and application of statistical process control.

We have found that Best Practice Plants will have in excess of 85% of their equipment in a Green Condition and less than 1% Red.  Note that all three of the Assets in the above Asset Health Report would role up as Red.


How in the world does a plant get to and maintain a facility at 1.5-2.5% maintenance cost as a percentage of insured replacement asset value.  The answer can be explained with the results of this survey:

Change Asset Health

% RAV

From Red to Green

10   +/- 3%

From Yellow to Green

6.5  +/-2.5%

Maintain at a Green Level

.5   +/-  1%

So what happens if you spend 10% this year to improve an Asset’s Health from Red to Green, but your facility does not have the standards and practices in place to maintain the Asset at a Green level?  You get to spend the money again next year!

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