What is the value of Analytical RCM?
The key value of Analytical RCM is the determination of workload. There are other values as well, but this is the key one. Analytical RCM would allow determining the expected workload, and the expected timing of critical events, for both the current budget cycle and the long-term plan. That way, the resources that are needed can be determined and justified. The methodologies are based on the reliability characteristics of components/parts, and as such are very accurate in forecasting the workload. In addition to forecasting workload, Analytical RCM provides the “risk” associated with that workload expectation. A major impediment to resource and operational planning is the lack of quantification of risks associated with maintenance events. Analytical RCM creates value by providing information pertaining to that risk.
Related Questions
- Rateable Value Q: A premises has 50% of their rateable value waived as a charitable organisation. How should the applicant calculate the rateable value of the premises for conversion purposes?
- Rateable Value Q: A premises has 50% of their rateable value waived as a charitable organisation. How should the applicant calculate the rateable value of the premises for conversion purposes?
- A customer has an Open Value agreement that is due for renewal. Can they opt out of the agreement?
- Does cheese have the same food value as milk?
- Does cheese have the same food value as milk?
- What is the value of Analytical RCM?
