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SMRP - Maintenance Cost as a Percent of RAV
 

SMRP - Maintenance Cost as a Percent of RAV

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  • 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 benchmarks. The RAV is used in the denominator to normalize the measurement given that plants vary in size and value.
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    SMRP - Maintenance Cost as a Percent of RAV SMRP - Maintenance Cost as a Percent of RAV Presentation 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 benchmarks. • 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