Reliability and Maintenance Management Current Best Practices – Part 1

by Christer Idhammar

A discussion on comparing maintenance cost with ERV
You have been told you that your maintenance cost as a percent of estimated replacement value (ERV) is 4.6% and that this is too high. Best performers, you are told, should have maintenance cost lower than 3% of ERV. (Our database shows that the average maintenance cost as percent of ERV in the process industry is 4.2%.) So, now what do you do about this?  Continue reading →