SMRP - Maintenance Cost as a Percent of RAV

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SMRP - Maintenance Cost as a Percent of RAV

  1. 1. 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

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