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Posted by Larry Olson | CMRP, CRL, CAMA ● Aug 11, 2021

How to Cut Asset Downtime by 40% with CDM/PMO Strategy Reboot

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Download the Case Study

 

Facing significant equipment downtime on a mission-critical asset, a leading polymer currency printing company engaged Nexus Global for asset strategy support. To generate the greatest benefits for the client, Nexus Global would recommend a cost-effective PM program based on
known failure modes, consequences, and the likelihood of each failure. The new maintenance strategy would also address challenges involving; equipment, people, process, leadership, and continuous improvement.

The overall strategy would need to balance cost, risk, equipment availability, and performance criteria. To achieve the goal, Nexus Global would develop a new PM Program by using a Consequence Driven Maintenance (CDM) and PM Optimization (PMO) approach to maintenance optimization to identify expected and unacceptable failures and highlight improvement opportunities.

Download the case study to see how we developed and implemented a new maintenance strategy with rapid improvements in equipment downtime, maintenance costs, and inefficiencies. 

Download the Case Study
 
 

Topics: Strategy Management, Case Study, Larry Olson

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Larry Olson | CMRP, CRL, CAMA

Written by
Larry Olson | CMRP, CRL, CAMA
CEO, Nexus Global | Larry is one of the leading global Shutdown/Turnaround, Asset Integrity, and Maintenance strategists. With over 30+ years of business & maintenance experience, he has carried out a variety of roles from Project Manager, Change Management Specialist to Director of Reliability & Integrity Assurance Excellence.

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