Asset Management Planning

The objective of organizations in capital-intensive industries is to maximize the return on their investment in physical assets. There is a growing realization amongst these organizations that maintenance, on its own, cannot achieve this objective. Why improve the effectiveness of Maintenance Planning and Scheduling, when Production changes its' production schedule at short notice, throwing the best-made plans into disarray? Why conduct Root Cause Failure Analysis when the results of these analyses consistently show that the equipment is being operated outside its design limits, and that the equipment is not capable of sustaining target production rates?

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