“What’s In It For Me?”
The WIIFM of Physical Asset Management Programs:
Creating Sustainable Maintenance
By: Howard W. Penrose, Ph.D., CMRP
ISO 55000, predictive maintenance, preventive maintenance, RCM, physical asset management, root cause analysis, OSHA, NFPA 70E, maintenance optimization. We all have heard these terms repeated in countless articles, presentations, blogs and emails. Through all of the noise, the real purpose of physical asset management is how to get the most out of a physical asset with the budgetary resources provided to a maintenance and reliability organization. From a C-level, leadership has limited resources to provide within an organization and must apply those resources with the intent of providing a service or product at a best cost. Expense-related departments are balanced against departments that are seen as providing either a direct return, such as production, or feedback to decision-makers, such as IT. In this opening presentation Dr. Penrose will discuss the different approaches to Whats In It For Me (WIIFM) that can be approached by the maintenance organization to demonstrate the impact of programs on the corporation. These approaches include: energy cost reduction and the resulting green footprint; extension of the asset life-cycle; reduced and maintained levels of production defects or availability; the relationship of safety, reliability and insurance costs; and, optimization and automation of maintenance programs. How do you best determine the approach at your organization to support the long-term objectives of your maintenance and reliability departments?
About Dr. Penrose: Dr. Penrose has over 33 years in the electrical machinery and maintenance industry from being a US Navy motor repair journeyman to being the Senior Research Engineer for the UIC Energy Resources Center and his KWU dissertation on energy, waste stream, process and reliabilty programs for the Illinois Department of Commerce and Community Affairs while at UIC ERC. Dr. Penrose has implemented RCM programs within both military and civilian organizations and developed PM optimization programs which have remained in place over the long-term. On the technical side, Dr. Penrose is the leading authority on Electrical Signature Analysis and Time to Failure Estimation (TTFE™) and utilizes vibration, infrared, ultrasound, motor circuit analysis and high voltage testing for client predictive maintenance programs and electric machinery and related forensic investigations. He is involved in the development and design of electric machines across multiple industries including hybrid technologies for GM (2007-2010) and John Deere to special applications from 2000 degree environments to pure vacuum. He is the author of the award winning books Electrical Motor Diagnostics 2nd Edition and Physical Asset Management for the Executive. In his spare time he is the managing business partner of 2XL Powerlifting LLC and a world champion master powerlifter performing on Team USA at the World Powerlifting Championships from 2012 to 2017.
The conference will include, but not be limited to:
Who should attend?
Reliability, Process, & Maintenance "RPM" Symposium - September 27 & 28, 2017
SEPTEMBER 27 & 28, 2017
The Reliability, Process, and Maintenance (RPM) Symposium, is a conference event that features industry leaders in the topics of process and innovation that assures the maintenance and reliability of industrial electric motors, automation components, and other rotating and fluid processing equipment. The conference will engage attendees in discussions, learning sessions, and networking opportunities focused on what solutions are available so that companies can increase their reliability.
Anyone who is interested in innovative solutions that will help them keep their plant up and running! Below are a few job titles of individuals who would find this event useful: