Is Streamlined RCM worth the risk…

As the discipline of physical asset management matures we are seeing the subtle art of Streamlined RCM finally starting to recede. And good riddance. I am just back from an end of analysis presentation by a significant client of mine in the chemicals industry. They performed a rigorous analysis on a critical asset. Generally I don't like critical asset analyses because the potential for tangible benefits is reduced... but these guys did me proud today! Their asset had previously been analyzed by a company using a relatively popular streamlined approach. The result... Reduction of 61% of routine maintenance, which translates into about $75,000 per year saved in hard realizable-almost-immediately cash. Not only that but by using a rigorous approach they were able to uncover a range of risks and issues that had been unchecked - significantly improving the reliability of this very critical asset. A fantastic result! Another victory for the good guys, and another group of intelligent professionals who have turned away from dangerous and limiting methods taught by unskilled nobodies. Love it! Streamlined RCM has been, without a doubt, the worst PR disaster for the discipline over the past twenty years. Wrecking maintenance regimes, destroying profitability, and discrediting the entire approach of RCM. Glad to see it finally in retreat!