Savings from a CBM program are hard to pin down, because we are talking about failure events that never actually happen. While my department does keep a list of our findings, with an associated value for each, those numbers are wild guesses and we don't normally use them for reporting or metrics. I've seen tools for calculating the value of PdM strategies, and maybe someone else will chime in here and school me on how they are an important component of a mature program, but I can't get my head around the fact that the numbers that get plugged into those models are made up. (We do occasionally report year-over-year savings for specific assets or asset classes that we have focused our reliability efforts on, but that involves more than just condition monitoring.)
I do make a point to share highlights of our PdM findings each month with our site leadership team, especially ones that affect high-profile projects or processes. It's fun to see the looks on their faces each time they realize we helped them dodge a bullet.
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Dale Nicholson, PE, CMRP, CRL
Reliability Engineering Mgr
Evonik Corp
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