Felix = Lower cost of achieving same success rate from CM
Or = Better results, consistently improving, from my same spend
A Felix enabled organisation can directly improve the quality of your condition monitoring assessment outcomes through:
- Faster and more accurate analysis
- Feedback capture closes quality loop between diagnosis and results
- Knowledge Continuity/Preservation- Enable the “learning organisation”
- Lowered succession risk/cost of CM employee/provider turnover (“we’ll lose all our history” threat)
- Faster ramp up of new employee/providers
- Leverage of learned characteristics of assets monitored
- Decoupled dependency on single providers for CM services- Outsourcing/Flexibility
- Single source of fact for all that is known concerning condition of my assets
- Clear and consistent status, finding, recommendations and evidence accessible to management and the broader organisation. Forces interpretation and positive decision making (rather than a culture of feeding data or machine generated alarms up the tree hoping a maintenance planner could decipher un-interpretted data.
- Experience has shown that recommendation feedback was the biggest contributor to a sustained reduction of false positives
- Naturally more consistent analysis results (Quality through transparency)- Self auditing by perpetual peer review
- Improved mistake avoidance
- Collaboration Enablment. Everybody can know what’s going on…!
- Easier to justify CM programs through case capture and business case support
- Easier to make a case for a condition triggered maintenance decisions
- Consolidation of all your condition monitoring history such that it can be re-used to improve the performance of your CM effort, and MOST IMPORTANTLY move from defect detection and prioritisation to defect elimination!
…If nothing else Felix is a solution to the “report lost in the bottom of someone’s draw, drive, or buried in the document management system” problem.
The results of improved condition assessment performance of course is well known, and of different priority to different industries and asset classes, but generally provides one or more of the following benefits:
- Equipment Lifecycle Extension – Verifying the present state of the equipment and taking action to resolve any issues so that the equipment can be operated safely past its design life at or increased capacity.
- Improved Debottlenecking – Increasing the capacity of a Facility through modification or replacement of Equipment.
- Divestment Value – A site will sell for more money if all Data and Documentation up-to-date. Demonstrate compliance with risk, environmental or safety issues.
- Risk Mitigation – Production certainty, loss mitigation, safe operations
- Regulatory Audit – Failure to meet regulatory audit can forfeit license to operate
- Insurance premiums. Insurance companies will rate organisations based on how safe and reliably they mange their assets. For organisations that are self insured, effective condition monitoring provides high degree of risk mitigation they are in control of.