Maintenance Cost as a Percent of Asset Replacement Value is often used as a measure to determine the effectiveness of the maintenance function. But, is it? In this podcast we’ll discuss the various means of calculating its value, and by implication, some of its downsides, along with a range of its value for various operations and potential reasons for that variation.
It’s been our experience that the lowest standard you set is the highest standard you can expect. As such, your expectations (standards) should be fairly high, but achievable. It does little good to set expectations too low – too easy, or too high – assuring failure....
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