Value driven maintenance strategy pdf

Value driven maintenance new faith in maintenance bemas. Guy delahay, owner and managing partner at mainnovation inc. Regular monitoring, via the ami network, has allowed these utilities to eliminate manual maintenance, and more effectively schedule maintenance for atrisk devices. Asset utilization is also a function of operating rate, quality and yield losses, etc. Value based maintenance an optimized approach international.

The asset reliability process represents the collection of all tasks required to support the maintenance function. Reliabilitycentered maintenance methodology and application. Prioritising major maintenanceprojects using a business risk matrix. An analysis of maintenance strategies and development of a model for strategy formulation a case study master of science thesis in the master degree programme, production engineering gustav fredriksson hanna larsson department of product and production development division of production systems chalmers university of technology. Costs are minimized in every business model, but low cost structures are more important to walmart, for example, and no frills airlines. Over time, this has come to include multiple wordings that describe various costeffective practices to keep. Nov 29, 2011 guy delahay, owner and managing partner at mainnovation inc. As volvo trucks are trying to achieve a maintenance strategy where preventive maintenance accounts for as large part as possible, one has now developed a clear vision for where to be within a reasonable time. Used alone vdm gives you a starryeyed view of maintenance savings. The technical meaning of maintenance involves functional checks, servicing, repairing or replacing of necessary devices, equipment, machinery, building infrastructure, and supporting utilities in industrial, business, governmental, and residential installations. Pdf maintenance strategy selection and its impact on. In this paper we will present a maintenance planning approach, called value driven maintenance planning vdmp, to emphasise the fact that the objectives of the plant are the reference points for. Prioritizing valuecreating activities the role of value drivers identifying and managing value drivers helps management focus. Aug, 2012 in the course of the ready phase of the data driven maintenance process, you will have dealt with a variety of people.

An organizations maintenance strategy may consist of many thousands, even tens or hundreds of thousands of preventive maintenance activities. The author, anthony kelly, an experienced international consultant and lecturer on this subject, calls his approach businesscentred maintenance bcm because it springs from, and is driven by, the identification of business objectives, which are then translated into maintenance objectives and which underpin the maintenance strategy formulation. Operator driven reliability is a question often asked in industrial sites on the climb up to world class operating asset reliability and operational excellence. Both former chairmen of the dutch maintenance association nvdo and authors of the book entitled value driven maintenance, new faith in maintenance. Owner of mainnovation, guy delahay, shares his strategies and uses of value driven maintenance methodology. Further, a number of driving forces and obstacles, that influence the implementation of maintenance strategies, have been identified. Applied broadly, this values driven approach offers companies new opportunities for value creation, benefiting not only shareholders, but employees, customers, communities, and society at large. Value driven maintenance vdm is a fairly new maintenance management methodology based on four. We start by looking at what resources the firm possesses.

A desired culture that uses costeffective maintenance strategies to advance safety and reliability. Past, present and future at the highest level, a strategy is an approach to doing business 12. How can they continue to deliver shareholder value while delivering societal value. Next, we assess their potential for value generation and end up by defining a strategy that will allow us to capture the maximum of value in a sustainable way. Value driven maintenance the plant wellness way abstract. A valuedriven investor strategy can help identify areas of misalignment between business direction and investor needs. Maintenance, repair, and operations mro in asset intensive industries. As a result from this research, a process for the formulation of maintenance strategies has been developed. The criticality value should be a numerical value of at least 4 digits to enable accurate ranking of all plant assets. Following the big success of our first book, vdm, new faith in maintenance, mainnovation has developed a new methodology. Industry agenda strategic infrastructure steps to operate and. Not only does vdm simplify the boardroom discussion, it also shows that far from being a cost center, maintenance is actually a major economic value within the overall business performance. Pdf performance indicators and terminology for value driven. Generic value drivers, such as sales growth, operating margins, and capital turns, might apply to most business units, but they lack specificity and cannot be used well at the grass roots level.

Part of being ready should be having an interested manager, a couple of shopfloor scorekeepers and a financial person on your team. Developing information technology strategy for business value journal of information technology management volume xviii, number1, 2007 51 it strategy. Seven strategies for combining profits with principles our research and experience have lead us to identify seven operating disciplines that values. Holistic incorporate all aspects of maintenance, and its relationship with the remainder of the organisationmotivational it must build high levels of commitment and momentum towards achieving the desired outcomesfocused it must. Nelson thotwave technologies, chapel hill, nc abstract the evergrowing volume of data challenges us to keep pace in ensuring that we use it to its full advantage. Valuedriven maintenance is a strategy to optimize the value derived from maintenance at any particular point in time. We studied a large number of published bpm cases and gathered additional data from case studies and interviews with organizations spanning industries. Reactive maintenance is merely expressed as a maintenance strategy in which deed of maintenance is actually a reaction to a failure occurrence 17, 9, 18 and 19. Valuedriven maintenance planning for a production plant. We spend a lot of time extolling the virtues of preventive maintenance, but its far from the only maintenance strategy out there. Technology solution maintenance strategy improved business performance customer business objectives business objectives drive the maintenance strategy, which in turn drives the technologies and solutions applied. Our team identified transparency as the first core value associated with bpm. Non maintenance related downtime may be attributed to lack of demand, an interruption in raw material supply or production scheduling delays beyond the control of the maintenance function. Furthermore, to achieve this vision one need to have a strategy which connects.

As their tpmbased maintenance strategy was only aiming at plant uptime, volvo cars implemented vdm to optimize the maintenance costs. Valuedriven maintenance planning for a production plant valuedriven maintenance planning for a production plant rosqvist, t laakso, k reunanen, m. Value driven preventive maintenance activities using quadrant. A good cmms will compliment valuedriven maintenance. In this paper we will present a maintenance planning approach, called valuedriven maintenance planning vdmp, to emphasise the fact that the objectives. Depot maintenance strategic plan executive summary this depot maintenance strategic plan articulates the department of defenses strategy and plans for ensuring its organic depot maintenance infrastructure is postured and resourced to meet the national security and materiel readiness challenges of the 21st century. The resourcebased rb theory, by contrast, can be seen as an insideout process of strategy formulation. Vdm builds a bridge between traditional maintenance philosophies, long term asset replacement strategies and managing by economic added value. Value driven maintenance discover the hidden value in your. Value driven maintenance discover the hidden value in your maintenance organization mark haarman, mainnovation maintenance value, benchmarking, kpi dashboard, best practices. More recently, advances in sensing and computing technology have given rise to predictive maintenance pdm. This is why mainnovation developed the value driven maintenance method. Implementation value for money will be provided by. Impact of maintenance strategies on the performance of.

Vision the vision is to provide maintenance that is value for money, effective, business focused and responsive to customer needs. And they must do this so as to create maximum economic value for the business. Methodology development of an effective maintenance strategy for critical equipment requires a sound. Development of equipment maintenance strategy for critical. Maintenance, repair, and operations mro in asset intensive. Jan 01, 2009 value driven maintenance planning for a production plant value driven maintenance planning for a production plant rosqvist, t laakso, k reunanen, m. New faith in maintenance mark haarman, guy delahay on. A value driven investor strategy can help identify areas of misalignment between business direction and investor needs. Part i depot maintenance strategic plan executive summary. In the course of the ready phase of the datadriven maintenance process, you will have dealt with a variety of people.

Value driven maintenance is a financial modelling method to pick maintenance process improvements. Chapter 5 types of maintenance programs us department of energy. As the adoption of these enabling technologies grows, new strategies will emerge, redefining the asset. The difference between tpm autonomous maintenance and operator driven reliability tpm autonomous maintenance vs. Vdm makes the economic added value of maintenance quantifiable and. Like wolves who thrive and survive by fierce collaboration and serving one another, echowolf solutions offers organizations, individuals and their supplier partners resultsdriven strategies for growing company profitability, reducing costs, increasing efficiencies and performance all while building the brand, maintaining safety and reliability. Traditionally, a competitive business strategy has involved performing different activities than. Maintenance dilemma what is actually the added value of maintenance. Value should include the reduction in corrective maintenance cost both the failed equipment and other affected facilities, cost to restart the proquestions and answers value based rcm contact duction, cost of production downtime such as lost revenue, penalties etc.

Condition based maintenance as a strategy therefore looks for physical evidence. There are many different approaches that you can mix and match, depending on your assets, your industry, and the size and experience of your maintenance team. Once the team has agreed to the preliminary criticality ranking, the next step is to evaluate the existing maintenance strategy for that particular asset, if there is any. Selecting the correct maintenance strategy reliabilityweb. This maintenance strategy uses sensors to monitor key parameters within a machine or system, and uses this data in conjunction with analysed historical trends to continuously evaluate the system health and predict a breakdown before it happens. Performance indicators and terminology for value driven maintenance. Building a maintenance strategy with valuedriven maintenance.

Applying of the reliabilitycentered maintenance methodology showed that the main time between failures for the plant equipments and the probability of sudden equipment failures are decreased. Actions performed on a detect, preclude, or mitigate degradation of a component or system with the aim of controlling degradation to an acceptable level. Value driven maintenance discover the hidden value in. Value drivers must be defined at a level of detail consistent with the decision variables that are directly under the control of line management. Choose the ones whose eyes light up when you talk about fixing top production problems. Once you combine vdm with plant wellness way systemofreliability analysis you get practical solutions. The world economic forums strategic infrastructure initiative is a collaborative reflection of the steps required to efficiently and effectively deliver economic. Omitting any element will result in poor equipment performance, increased maintenance costs. Scribd is the worlds largest social reading and publishing site.

Senior facility leaders must drive the necessary behavioral. Maintenance improvement, to be effective, must be driven by a longer term view of where an organisation wishes to direct its efforts. Maintenance strategy definition and development is a critical success factor in the customers value chain. Industry agenda strategic infrastructure steps to operate. With valuedriven maintenance, maintenance managers should focus on the value driver that delivers the biggest return for their organization.

It can determine where to make changes in business strategy, financial strategy, targeted investor groups, and communication strategy. Riskbased inspection will allow companies to better. Value driven maintenance vdm builds a bridge between traditional maintenance philosophies and managing by shareholder value. Many entities define their strategy from the inside out. Once optimal preventive maintenance actions are decided with vdm analysis, the cmms can be configured to automatically trigger the work orders. Jul 23, 2015 guy delahay, owner and managing partner at mainnovation inc. Applied broadly, this valuesdriven approach offers companies new. This is a cost we could minimize under a different maintenance strategy.

Vdmxl builds a bridge between traditional maintenance philosophies, long term asset replacement strategies and managing by economic added value. Cost consideration is a key factor in any developed strategy as no key can function without cost input. Mainnovation is the founder of vdm, a worldwide renowned method for value driven maintenance. Additional lsm includes a process model, the possibility to optimize the maintenance strategy dynamically based on valueoriented criteria and an implementation.

Its therefore helpful to distinguish between two broad classes of business models. This document is dealing with strategic planning from a specific perspective. The simple strategy to create a business you love teal, benjamin on. Apr 12, 2020 maintenance improvement, to be effective, must be driven by a longer term view of where an organisation wishes to direct its efforts. Value driven maintenance vdm is developed by mainnovation in close cooperation with leading maintenance organizations from different industries. It is a method that builds a bridge between traditional thinking on maintenance and managing by economic added value. The maintenance strategy aims to state how this will be achieved. Building a winning maintenance strategy slideshare. Vdm shows where the added value of maintenance lies and how the maintenance organization can best be structured to materialize that value. An effective maintenance unit is expected to draw up work.

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