Maintenance Management: The Key to Performance Optimization

Torbjorn Idhammar

President, IDCON INC

Review: What is Maintenance Management?

Maintenance management is the overarching process of planning, organizing, executing, and controlling the preventive and corrective maintenance of an organization’s physical assets. It involves effectively managing the maintenance of equipment, machinery, buildings, and other tangible assets to maximize their availability, reliability, and lifespan.

An effective maintenance strategy is critical for many organizations across industries. Efficient maintenance management ensures high-performing assets, minimizes costly downtime, and extends the equipment life cycle. It also contributes to maintaining a safe working environment and reduces the risk of accidents.

How does Maintenance Management Differ from Asset Management?

While maintenance management and asset management are closely related, there are important distinctions. Asset management is the overarching process of managing an organization’s entire asset portfolio throughout its lifecycle. This includes acquisition, tracking, maintenance, and eventual disposal of assets.

Maintenance management, on the other hand, specifically focuses on the maintenance of physical assets after they have been acquired. It encompasses planning, scheduling, executing, and monitoring all maintenance activities to ensure asset functionality and maximize their useful life.

Maintenance Strategies

Preventive Maintenance:

IDCON defines Preventive Maintenance as “all actions performed to prevent failures or detect failures early”. IDCON’s Preventive Maintenance approach focuses on choosing the most cost-effective maintenance procedure for all components (see Figure 1). Once the appropriate method is chosen, it’s necessary to document all PM and essential care and condition monitoring actions to form a reliable process. IDCON has created?standards for condition monitoring?tasks to assist.

Predictive Maintenance:

This approach relies on monitoring the condition and performance of assets in real-time through sensors and analytical tools. When data indicates an increased risk of failure, appropriate maintenance can be scheduled and undertaken proactively before a breakdown occurs. This is one of the most cost-effective maintenance strategies.

Reliability-Centered Maintenance:

Is a step-by-step instructional tool for how to analyze a system’s all failure modes and define how to prevent or find those failures early. RCM becomes a very detailed study of things we already know, often with the justification to “make sure we don’t miss anything.” It can become labor intensive requiring up to 5 people/week/system.??

READ MORE about the RCM TRAP

Benefits of Maintenance Management

By developing and implementing an effective maintenance management strategy, organizations can realize several significant benefits:

• Reduced Maintenance Costs: By preventing major repairs and timely equipment replacement, maintenance management can substantially reduce the total maintenance costs over the long run.
• Improved Equipment Life Cycle: Regular maintenance significantly prolongs the functional lifespan of assets and delays the need for expensive new capital investments.
• Minimized Downtime: Planned maintenance outages are far less costly than unplanned breakdowns. Efficient maintenance management minimizes production disruptions.
• Reduced Risk of Injury and Accidents: Well-maintained assets decrease the risk of personal injury and property damage caused by wear or malfunction. This also creates a safer working environment.

Maintenance Management Training: Sept 10-11

Sign up today! Spots are going fast.

Run Your Team with Confidence

If day to day interruptions and stress make it impossible to focus on improvements, this is the workshop you need. It will help you focus on what’s important and how to implement the core reliability and maintenance elements.

Workshop Benefits

• Establish and effectively communicate your reliability and maintenance objectives
• Combat budget cuts by presenting factual data and statistics
• Enhance your ability to manage crucial maintenance elements to create a positive impact within your organization.
• Revitalize your partnership with operations.

Who Should Attend?

If you want to improve your overall reliability and reduce production and maintenance costs, this is the workshop for you.

• Plant Managers
• Maintenance Managers
• Operation Managers
• Engineering Managers
• Reliability Directors

Date, Location, and Cost

September 10-11, 2024 (8:00 AM - 4:00 PM)

Portland, OR and Online*

Embassy Suites@PDX, 7900 NE 82nd Ave, Portland, OR 97220 (book here)

$1,495/person (Includes course materials, lunch, and breaks)

*Can't Attend in Person?

Join us remotely through Zoom. Zoom participants receive a $100 credit.

We can have 15 in person participants, and 25 remote participants. Secure your spot today - don't wait!