SMRP - Maintenance Cost as a Percent of RAVPresentation Transcript
SMRP Lagging KPI “Maintenance Cost as a % of Replacement of Asset Value (RAV)”
The metric is the amount of money spent annually maintaining assets,
divided by the Replacement Asset Value (RAV) of the assets being
maintained, expressed as a percentage.
• This metric allows comparisons of the expenditures for maintenance
with other plants of varying size and value, as well as to
• The RAV is used in the denominator to normalize the measurement
given that plants vary in size and value.
• There is a lot more one needs to understand before using this metric
in your organization. It is recommended you purchase this SMRP
Metric before moving forward with its use.
To view and/or purchase the SMRP Metrics go to: http://library.smrp.org/ind_metrics
“The SMRP Metrics is the best collection of validated maintenance and reliability metrics in the world”
‒ Ricky Smith CMRP