Condition Based Monitoring

According to an independent benchmark study performed by the Aberdeen Group, Best-In Class Performers show 26% higher Return on Invested Capital, 15% higher Asset Utilization, and 40% Lower Maintenance Cost than that of Average Performers.

A benchmark study by the Aberdeen Group supports the findings of prior benchmarking indicating: “Best-In-Class Performers will have 45-55% of their total labor hours driven by Condition Based Monitoring (CBM) inspections and the elimination of defects identified through CBM activities”.

Without a thorough understanding of the defects present in a facility, it is virtually impossible to effectively plan and a schedule work making a robust CBM process critical for enabling the Proactive Workflow Model.

Returns on asset reliability come from 4 primary sources:

• Reduction in Maintenance Costs
• Lower Inventory Requirements
• Lower Energy Consumption
• Higher Productivity (Asset Utilization)

Allied Reliability has studied the practices of over 1,000 diverse worldwide locations confirming prior findings that increased CBM is linked to lower maintenance costs, while more time-based PM activity is linked to higher costs. When considering Return On Asset Reliability (ROARTM), maintenance cost savings only account for 15-30% of the total opportunity for savings.

To achieve Best-In-Class results, “Failure Modes Driven” maintenance strategy is paramount because the overwhelming majority of failure modes are not linked to time. A sound “Failure Modes Driven” Maintenance Strategy will build only PM inspection tasks when a suitable CBM task is either technically unfeasible or economically impractical.

The mapping of failure modes to the appropriate inspection becomes the foundation for Asset Health Management. A true understanding of the health of a facility’s mechanical, electrical, and stationary assets is only possible when all of the likely failures are anticipated on a significant percentage of those assets.

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