Correct maintenance policies reduce long-term costs
Preventive maintenance policies and predictive maintenance policies are put in place by businesses to ensure that regular maintenance tasks are performed. This avoids the higher costs associated with repairs and replacement, and the associated costs of plant and machinery downtime.
PPM
Planned preventative maintenance (PPM) structures the frequency and implementation of maintenance tasks. Maintenance staff schedule tasks into routines that cover daily, weekly, fortnightly, monthly and other, longer periodic time frames, such as quarterly or annually.
Optimization
The ideal maintenance policy ensures the highest rate of safety and economy by preventing system-critical plant breakdowns, avoiding repair costs and lengthening the life cycle of the plant. To achieve this, the policy needs to consider the condition and age of systems and the plant; any deteriorating system will eventually be in a state where it is more cost-effective to replace than maintain.
RCM
Reliability centered maintenance (RCM) involves tracking the reliability of plant and systems to ensure that approaches to PPM task development maintains cost effectiveness.
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