Implement Reliability-Centered Maintenance (RCM) principles.
: Detailed analysis of planning, acquisition, commissioning, operation, maintenance, and eventually, renewal or disposal. Maintenance Strategies
Ensure proper installation to prevent early-life asset failures. Physical Asset Management Handbook John S. Mitchell Pdf
A central theme of the handbook is speaking the "language of management." Mitchell explains how technical metrics (like Mean Time Between Failures, or MTBF) must translate into financial metrics (like Return on Investment, or ROI). Asset managers must justify maintenance budgets by demonstrating how reliability mitigates financial risk and drives production revenue. C. Reliability-Centered Culture
Reflects the efficiency of the maintenance team and spare parts logistics. 5. Implementing a Successful Asset Management Program Implement Reliability-Centered Maintenance (RCM) principles
: Expanded information on Total Productive Maintenance (TPM), Reliability Centered Maintenance (RCM), and Root Cause Analysis (RCA).
Utilizing specialized analytical tools to identify potential failure modes before they cause downtime. A central theme of the handbook is speaking
The book focuses on how to do things, not just what to do.
The handbook is lauded for its intensely practical focus. It's a "top-to-bottom description of the processes, practices, technology, implementation, and results attainable with Physical Asset Management in a highly practical, experience-oriented, results-directed format". It covers financial requirements including capital conservation, and addresses "soft" issues like culture, organization, and leadership as vital to success.