Who does cost avoidance? What is it? Where would you apply it? Why would you worry about it? These are the questions that one should ask themselves. Most of the time is spent doing the physical work and analyzing that data to determine the condition or health of the equipment rather than thinking what our group did to save the company money. This article explains the methodology we used and why you should care about cost avoidance.
- Patricia Warner
- Cummins Inc.
A super-major oil and gas producer’s capital-project maintenance builds were costing too much and taking too long using a traditional maintenance-build approach, and the resulting maintenance strategies were of poor quality. The company was experiencing continual overspending, missed deadlines, and maintenance strategies that didn’t deliver the performance and reliability the operations team needed from the asset base...
- Jason Apps
- ARMS Reliability