dated equipment with the latest technology. Metrics are also extremely important for validating whether the maintenance team is headed in the right direction to achieve the organization’s goals and objectives. equipment reliability and lower operational risks. Since the rise to prominence of quality-focused business initiatives such as Total Quality Management (TQM) and eventually Six Sigma, companies have been focusing on reducing their final product defects to the absolute bare minimum. Reliability measures the probability that the system will perform without failure over a specified interval under specified conditions. When objectives are reached, you can remove these measures from the scorecard and add new transition measures. Overall equipment effectiveness (OEE) is a measure of how well a manufacturing operation is utilized (facilities, time and material) compared to its full potential, during the periods when it is scheduled to run. Here you can focus on three main areas for which you can define additional KPIs: assets, operational and customers. Metrics are also extremely important for validating whether the maintenance team is headed in the right direction to achieve the organization’s goals and objectives. Efficient maintenance is doing maintenance right so that reliability and risk reduction are achieved with the least resources and time. However, new ... global metrics, and developing continuous improvement plans. Maintenance and reliability managers must have metrics in place to identify needs for improvement. So, which metrics should utility executives care about? Reliability may be Reliability = V x 100 W The frequency with which the machine breaks down and disrupts production Data There are loads of metrics that are relevant and important to utilities, but three, in particular, are crucial for tracking reliability success. Customer usage and operating environment: The demonstrated reliability goal has to take into account the customer usage and operating environment. It identifies the percentage of manufacturing time that is truly productive. And, how can project managers ensure their teams accomplish those reliability goals? For utility companies, reliability means success. While general metrics work well for gauging the overall performance of any business, equipment rental firms need to go beyond general metrics to get the most accurate results. Specific Metrics for the Equipment Rental Industry. Eliminating Defects through Equipment Reliability. Reliability must be sufficient to support the warfighting capability needed in its expected operating environment. Equipment Metrics and Benchmarking 5 5 1. Maintenance and reliability managers must have metrics in place to identify needs for improvement. Finally, more emphasis should be placed on personnel training, which may have a significant positive impact on some of the other ... reliability. Maintenance Supports Business Strategy The work done by Maintenance needs to … The reliability scorecard is critical to capturing project benefits and should include the following types of measures: Transition – These are temporary project measures to indicate whether reliability changes are taking place. Reliability metrics are best stated as probability statements that are measurable by test or analysis during the product development time frame. Considerations of reliability must support both availability metrics. 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