15-05: Managing Machinery Assets Using Predictive Maintenance

Predictive Maintenance (PdM) can be a key ingredient in the successful implementation of an effective Asset Management program. Not only can it help manage machinery assets but also can result in a significant saving in machine repair costs and lost production due to catastrophic failure and unplanned downtime. However, many companies are reluctant to invest money and personnel in PdM programs because they don\’t understand how they work, how much they cost to start and maintain, and especially how to get started. This paper addresses these questions provides cost justifications, and includes training recommendations and information on the validation of personnel skills through certification of persons per ISO Standards.