
When an objective requires a tool to be used, that is idea. Certain projects can greatly benefit from use of Monte Carlo analysis. This in depth knowledge can create solutions where it is not readily apparent. If you are considering going this far, we can help you decide if the value is worthwhile. And we can help you apply it in a simple yet powerful way. [Read more…]
In the previous articles, we looked at what type of analysis to use to evaluate the effectiveness of the PMs and if they are cost effective. Once the PMs have been optimized to ensure they are addressing the right failure modes, then they need to be made efficient. Below is an excerpt from a recent article in 




Would you spend $100 every week to prevent a possible issue that will result in a loss of $10? Probably not, so why is that we do that with our maintenance programs every single day? Often, PM and PdM activities are put into place without any thought to the economic impact of the activity. While in theory the PM or PdM activities will prevent or mitigate the consequences of the failure, is implementing one of these activities the right thing to do?




If you are lucky enough to have good failure data history in your CMMS, you are one of the few. But even if you have the data, can you use it to make a difference to your organization? Obviously, the data can be used to perform certain reliability engineering analyses, but what can those without reliability engineering experience do with the data?