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Effective Maintenance Management: Risk and Reliability Strategies for Optimizing Performance - Hardcover

Narayan, V

 
9780831131784: Effective Maintenance Management: Risk and Reliability Strategies for Optimizing Performance

Synopsis

Writing in a language and style that engineers, managers, and supervisors alike can understand and easily apply, Narayan, a mechanical engineer, examines the role of maintenance in minimizing the risk of safety and environmental incidents, adverse publicity, and loss of profitability, and describes

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Review

"A book with true content, without having to own numerous other books to provide information one might need. Great book..." -- Ricky Smith, Executive Director, Maintenance Solutions

From the Author

Many years ago, I was asked a question – why do we do maintenance? At first sight, the answer seemed obvious, but on reflection, I feel it needs to be addressed more rigorously. If we could explain the role of maintenance in a business context rather than a technical one, perhaps we could get more people, especially managers and shareholders, to understand its role.

What do we actually do when we manage a business? In my view, we manage the risk – of safety and environmental incidents, adverse publicity, loss of efficiency or productivity, asset value and loss of market share. When we think about risks, we tend to see its quantitative aspects, involving the probability and consequence of events. But perceived risks can be important too. They are quite complex and difficult to manage as they deal with human feelings and emotions.

The level and type of risks vary over the life of the business. We think of some people or businesses as risk-seeking or risk-averse. Is this right? Researchers have established that it is not merely a mind-set, with many factors determining their attitude to risk

Why do seemingly minor incidents sometimes escalate into disasters? Why do some companies or industries in high hazard businesses still have outstanding safety records? What is the role of maintenance in these industries? To answer these questions, we need to appreciate the link between maintenance, reliability and risk. I have tried to explain all this in simple language, so that people on the shop floor can understand them.

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