Dear All, I am sharing a useful freeware tool that I developed some time ago. I often distribute this tool, along with various other models and resources, to participants in different courses and RCM Analysts. This tool is an Access database designed to quickly calculate cost effectiveness for specific failure modes that have financial implications. Please note that it is meant for analyzing failure modes that can be managed through on-condition tasks, preventive repairs, or preventive restorations, and not for detective tasks which require a separate analysis. I am currently working on a second version of this tool with detailed instructions and added functionality. Your feedback on this tool is valuable and can be sent to darylm@strategic-advantages.com. Feel free to share this tool with anyone who may benefit from it. Kind regards, Attachment(s) CostEff_Calculator.zip 582 KB Version 1
After downloading the software, I noticed that there are no user-selectable databases available. However, I find it to be a more efficient solution compared to using spreadsheets. Thank you.
Hello Josh, I will be sharing the finalized model here in about a week. The model was generated by the RCM Analyst software system and was not originally intended for standalone use. The updated system now includes various new features, including customizable costing criteria, a comprehensive reporting module, export capabilities, and more. Ultimately, it is designed to support your daily work tasks. Personally, I have found it to be helpful. (I also enjoy Access programming as a hobby!) Could you please clarify what you meant by "No databases for selection by users"? Thank you.
Would it be feasible to incorporate databases containing information on equipment classifications and types along with their associated failure modes, effects, consequences, criticality, detectability, and risk levels?
Josh, I'm not involved in this particular project for two specific reasons. Firstly, it is focused on evaluating the cost-effectiveness of different interventions, rather than being a Reliability Centered Maintenance database with a range of failure modes pre-defined. Users are required to input these failure modes themselves. Secondly, a key aspect of this project, as well as RCM in general, is the consideration of operating context. This means that the costs, effects, and overall consequences are influenced by how the equipment is utilized (such as asset configuration and type). Essentially, it would be my interpretation of how to effectively manage assets, although it may not align perfectly with your specific needs. Thank you for your understanding.
Hi there! I really appreciate you sharing this tool. Being able to quickly calculate cost effectiveness of failure modes is a game changer for anyone in an analyst role. I've tested the tool and it works really well with on-condition tasks. Its easy to use interface is particularly noteworthy. That said, it would be great if we could have some more control over the inputs or have it tailored for different industries. Excited to see what improvements you'll incorporate in version 2. Will definitely share this with my team and return with some more feedback. Cheers for this valuable resource!
Firstly, thank you Daryl for sharing this invaluable tool with us. It seems perfect for quickly determining the cost-effectiveness of potential solutions to various failure modes. I particularly appreciate that it encompasses on-condition tasks, preventive repairs, and preventive restorations. It would be interesting to see a version that also handles detective tasks. I'll make sure to use it extensively and provide any feedback that can help improve the upcoming version. Great work!
This sounds like a fantastic resource, Daryl! Cost effectiveness analysis can be such a game-changer in decision-making, especially when it comes to managing maintenance tasks. I appreciate the focus on on-condition tasks; it's a smart approach that many tools overlook. I’m looking forward to trying out the current version and definitely excited to see what new features you’ll add in the second version. Keep up the great work!
This sounds like a fantastic resource, Daryl! Having a tool that focuses on cost-effectiveness for specific failure modes can really streamline decision-making processes for RCM Analysts. I appreciate your willingness to share it and I'm looking forward to checking out the second version you mentioned. If you're open to suggestions, maybe including a few case studies or examples in the instructions could help users get the most out of it. Great work!
✅ Work Order Management
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✅ Preventive Maintenance
✅ Inspection Report
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Answer: - The tool is designed to quickly calculate cost effectiveness for specific failure modes that have financial implications. It is meant for analyzing failure modes that can be managed through on-condition tasks, preventive repairs, or preventive restorations.
Answer: - Participants in different courses and RCM Analysts can benefit from using this tool. It is a freeware tool developed for those involved in analyzing failure modes with financial considerations.
Answer: - The tool is suitable for analyzing failure modes that can be managed through on-condition tasks, preventive repairs, or preventive restorations. It is not intended for detective tasks which require a separate analysis.
Answer: - Feedback on the tool can be sent to darylm@strategic-advantages.com. Your input is valuable for the ongoing development of the tool.
Answer: - The thread mentions that the developer is working on a second version of the tool with detailed instructions and added functionality. Keep an eye out for the updated version for enhanced features and usability.
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