Understanding conditional probability is key to determining the right maintenance and how it impacts your reliability
In part 1 of this 2 part series, “Maintenance and Reliability Maturity”, I point out that achieving the maximum value from your physical assets will require excellence in 2 main dimensions, efficiency, and effectiveness. Those are described more fully in our recent book, “Paying Your Way“. I also promised a Maintenance and Reliability Maturity Assessment tool. That tool is now available to you, our readers.
The link below will take you to a web-page that is only accessible via the link – it is not included in our website’s menus or other links. When you click on it, you will see a brief explanation of how to use it and then a series of 10 questions, 5 on efficiency, and 5 on effectiveness. In a few of them we use terms that have precise definitions, so please read those definitions (in light blue boxes) before entering your answers to the questions in the light green answer cells. (more…)