The right maintenance at the right time and for the right cost.
Are you creating value?
All infrastructure operators face budget and cost pressures. Ultimately, this requires them to push their existing assets further, for longer and at higher levels of efficiency. With so much now resting on the performance of assets, one would assume that most infrastructure operators are now fairly adept at making the right maintenance decisions at the right time and for the right cost.
Our experience, however, suggests otherwise. We've worked with a wide range of asset-intensive businesses – from mass transit systems and nuclear generation fleets through to national defense forces and armies – and the reality is that few organizations have clear insight into how much they are spending on asset readiness and maintenance. And that means that they don't really know if their maintenance investments and efforts are creating value.
Over the past few years, we have started to see a shift towards 'value-based maintenance' approaches. Rather than doing maintenance at any cost, some operators are starting to focus on doing the right maintenance, at the right cost and – importantly – at the right time. And that is not only leading to cost savings, but also to greater asset uptime, improved maintenance efficiency and enhanced alignment between asset utilization and strategic priorities.
Our report highlights the three keys to creating and sustain a value-based maintenance model.