Ensuring benefits from RCM

Estimating, forecasting and tracking benefits of RCM implementations is one of the most under developed area in the implementation process. 


I firmly believe that one of the reasons some projects don't see many benefits is that they don't begin the work with the end in mind. 

• Always focus on what the company wants to achieve.

• Always estimate the impact before you complete the works. At the failure mode mitigation level. (And if the answer is not correct, then you chose the wrong asset or failed in your analysis)

• Always record the impacts somewhere and make sure the story gets told. 

• Start recording the cash impacts the moment the analyses hit the ground. 

Reliability engineers, for some reason, tend to shy away from staking claims on monetary impacts. Preferring to speak to the issues of risk reduction and loss avoidance. 


I am writing a brief white paper on calculating benefits using the Value Quadrant approach. I will post it here when it is done. It covers a range of crash tested techniques I have used for issues ranging from asset selection, through to calculating benefits. 


I will make it available if anyone is interested.