Finding Value: How to determine the value of reliability engineering activities

825 views
551 views

Published on

Reliability engineering helps organizations minimize risk, identify failure modes and extend the useful life of products. These all add value. Being able to convert reliability activities into value is an essential skill for any reliability minded person.

Published in: Technology, Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
825
On SlideShare
0
From Embeds
0
Number of Embeds
8
Actions
Shares
0
Downloads
40
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Finding Value: How to determine the value of reliability engineering activities

  1. 1. What is Value?
  2. 2. Promotion Award
  3. 3. Pay Raise Bonus
  4. 4. Personal Fullfillment
  5. 5. Best of your Ability
  6. 6. Satisfy Curiosity
  7. 7. Value in Business World
  8. 8. Value in Reliability World
  9. 9. Knowledge
  10. 10. Decisions
  11. 11. Results
  12. 12. How is Reliability Seen Today
  13. 13. As reliable as the sun and the moon.
  14. 14. Failure is bad
  15. 15. Priorities
  16. 16. How Important is Reliability?
  17. 17. Cost, Warranty Material or Risk Reduction
  18. 18. Time to Market Time to Volume Opportunities Customer Satisfaction & Engineering Effort
  19. 19. What is the Value of a HALT?
  20. 20. Find weaknesses
  21. 21. Test to Failure(s)
  22. 22. HALT cost and benefits
  23. 23. What approach to use?
  24. 24. Cost Reduction Chance of finding fault Fixing it earlier 10x less expensive
  25. 25. What is the Value of an ALT?
  26. 26. Compress Time
  27. 27. Focus on Failure Mechanisms
  28. 28. ALT cost and benefits
  29. 29. What approach to use?
  30. 30. Risk Reduction Estimated life accuracy Warranty/recall cost
  31. 31. What is the Value of a Webinar?
  32. 32. Networking
  33. 33. Avoid Travel
  34. 34. Professional Development
  35. 35. Webinar cost and benefits
  36. 36. What approach to use?
  37. 37. My calculations Engineering Effort Saved Chance of learning Time saved
  38. 38. Conclusion
  39. 39. Pick up a copy today
  40. 40. With a little work we can estimate/calculate the value provided by Reliability Engineering

×