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When is Maintenance Worthwhile?

When is Maintenance Worthwhile?

Determining if maintenance on specific assets is worthwhile is tied to the risk associated with the failures it is meant to prevent. When considering that many (if not most) failures are caused by intervention or improper maintenance, the minimum amount of safe maintenance not only adds to an organization’s bottom line but increases uptime and […]

what's the difference between criticality, risk and consequence

Knowing the Difference Between Criticality, Consequence and Risk Can Lead to Better Business Outcomes and Avert Disaster

When it comes to managing an organization’s physical assets, it is crucial to understand the difference between criticality, consequence and risk. Organizations that focus on risk attempt to reduce intolerable risks to tolerable levels, while ignoring critical assets posing a low-risk. While companies may acknowledge the criticality of their assets, they may do little or […]

3 Best Practices for Working with OEMs and Contractors

Integral to every industry with assets that require maintenance are OEMs and contractors who provide the maintenance, monitoring or even the actual assets to organizations. This can be complicated when it comes to ensuring your organization efficiently, safely and cost effectively uses these assets. Add to this the numerous new technologies and techniques available for […]