- Your People
- Your Process
Business Case for Change
Return on Asset Reliability (ROARTM) Tool
Establishing a business case for change is a necessary first step in reliability implementation. GPAllied understands that the effectiveness and efficiency of the assets you employ are what drive the financial performance of your company. Our Return on Asset Reliability (ROARTM) metric clearly maps out the financial impact of uncovering the hidden potential in your asset base. With ROARTM, you can realize a higher return with little to no capital investment. Recognizing that business needs vary from organization to organization, GPAllied offers several alternatives for developing your business case, as well as a complete analysis of the costs associated with conducting your improvement initiative.
Once your company’s “hurdle rate”* is known, GPAllied uses the data collected to calculate a return on investment for potential savings and evaluate the economics of various solutions. The result of this process is a cost-effective implementation for your company.
Availability Simulation & Modeling
This facilitated process uses a collection of local knowledge, maintenance history, and inspection results to generate models used to evaluate, compare, and optimize maintenance strategies while quantifying the implications of strategy changes on cost to the business and equipment availability. Using detailed analysis of the failure rates, optimized task frequencies are calculated by incorporating available client data associated with cost of downtime, repair, and inspections.
Scope of Deliverable:
• This is an interactive process that requires the modeling SME to obtain design information from a variety of client SMEs and use that information to build a model of the proposed production unit.
• The modeling SME will generally interact with Design Engineers, Process Engineers, Maintenance Engineers, and Reliability Engineers, and Managers.
• Consensus on the value of the equipment maintenance plan.
• Consensus on the level of spares required for lowest cost operation.
• Estimated life cycle costs of maintenance.
• Consensus on the value of opportunistic maintenance.