This approach typically results in the following:

• During the initial stages, maintenance costs will drop, and will continue to do so

• Total maintenance staffing will decrease significantly compared with pre-project levels and will continue to decrease (this is usually realized through the elimination of contractors)

• Significant return on the project investment (i.e. the first three months’ performance paid back over half of the total project costs)

• Large shutdowns will be possible to enable the installation of new capital equipment while the Overall Equipment Effectiveness for the facility does not decline

• Equipment is taken out of service far less frequently due to PMs

• The number of predictive technologists increases as does the percentage of condition monitored assets. Because of the depth of the condition monitoring coverage, continued monitoring ensures that the Reliability of the plant is not compromised because of the project.

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Trevligt white paper från UPTIME Magazine.