Cost vs Benefit of Inspection with Dane Boers
Welcome Dane back to the podcast. We last talked about asset modelling and factors that influence those assets. Today we will talk about optimising strategies; how we determine cost vs benefit of strategies. But first, give a brief introduction of yourself and Modla.
Modla is an asset knowledge and analytic platform. The vision is to capture subject matter expertise and knowledge around an asset and business processes. It then combines that with data for continuous improvement. We have worked in the utility industry; particularly water and electricity.
In this episode we covered:
- How do we determine the probability of finding a defect to establish inspection frequency?
- Are organisations looking to optimise inspections to ensure the benefits are worth the costs?
- Can you borrow a task in an FMEA from another organisation?