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

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5 likes•1,252 views

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.

Cost,
Warranty
Material
or Risk
Reduction

Time to Market
Time to Volume
Opportunities
Customer
Satisfaction
& Engineering
Eﬀort

Cost Reduction
Chance of finding fault
Fixing it earlier
10x less expensive

Risk Reduction
Estimated life
accuracy
Warranty/recall cost

My calculations
Engineering Effort Saved
Chance of learning
Time saved

With a little work
we can
estimate/calculate
the value
provided
by
Reliability Engineering

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