{"id":6887,"date":"2021-03-11T15:53:41","date_gmt":"2021-03-11T15:53:41","guid":{"rendered":"https:\/\/swefc.unm.edu\/iamf\/?page_id=6887"},"modified":"2022-01-17T19:30:30","modified_gmt":"2022-01-17T19:30:30","slug":"life-cycle-costing-risk-based-decision-making-operations-maintenance","status":"publish","type":"page","link":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/","title":{"rendered":"Life Cycle Costing \/ Risk Based Decision Making \/ Operations & Maintenance"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” admin_label=”Popup – #undefined” _builder_version=”4.8.1″ _module_preset=”default” positioning=”none” horizontal_offset_tablet=”” horizontal_offset_phone=”” horizontal_offset_last_edited=”on|tablet” custom_margin=”0px||||false|false” custom_margin_tablet=”” custom_margin_phone=”” custom_margin_last_edited=”on|desktop” custom_padding=”0px|||0px|false|false” custom_padding_tablet=”|||25px|false|false” custom_padding_phone=”” da_disable_devices=”off|off|off” custom_padding__hover_enabled=”on|desktop” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.8.1″ _module_preset=”default” width=”100%”][et_pb_column type=”4_4″ _builder_version=”4.8.1″ _module_preset=”default”][et_pb_text _builder_version=”4.9.2″ _module_preset=”default” custom_padding=”||7px|||”]<\/p>\n

Operations & Maintenance<\/h1>\n

 <\/p>\n

The type of maintenance performed on an asset and the associated investment from the maintenance budget can be guided by the asset\u2019s risk.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.9.2″ _module_preset=”default” background_color=”rgba(217,217,217,0.6)” width=”100%” border_radii=”on|25px|25px|25px|25px”][et_pb_column type=”4_4″ _builder_version=”4.9.2″ _module_preset=”default”][et_pb_text _builder_version=”4.9.2″ _module_preset=”default” custom_padding=”25px|25px|25px|25px|true|true”]<\/p>\n

\"\"Routine or Planned Maintenance<\/span> \u2013 regularly scheduled maintenance, completed on a calendar or use base schedule. Routine maintenance dollars spending is fairly evenly spread across the asset inventory with a slight weighting toward the high-risk assets. An example of how the budget can be divided amongst the four quadrants is discussed below. Data on the assets can lead to adjustments in the share of assets per quadrant to ensure funds for routine maintenance are spent efficiently.<\/p>\n

Low-risk assets should receive about 20% of the budget. Moderate-risk assets that have lower probability, but higher consequence, 25% of the budget. Moderate-risk assets that have higher probability, but lower consequence, 25% of the budget. High-risk assets, 30% of the budget.<\/p>\n

There are some assets that will receive little to no routine maintenance. These assets include: assets for which routine maintenance is not possible or necessary to keep the asset in working order, assets being run to failure, assets already scheduled for replacement soon, assets replaced based on a pre-determined schedule or volume for which routine maintenance is not necessary to enable the asset to last that long. Examples of assets that might receive little to no maintenance includes small diameter water lines, water meters, utility access hole covers, or sump pumps that are constantly underwater.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.9.2″ _module_preset=”default” background_color=”rgba(217,217,217,0.6)” width=”100%” custom_margin=”25px||||false|false” border_radii=”on|25px|25px|25px|25px”][et_pb_column type=”4_4″ _builder_version=”4.9.2″ _module_preset=”default”][et_pb_text _builder_version=”4.9.2″ _module_preset=”default” custom_padding=”25px|25px|25px|25px|true|true”]<\/p>\n

\"\"<\/span><\/p>\n

Predictive Maintenance<\/u> \u2013 condition monitoring used to predict when asset failure will occur.<\/p>\n

Predictive maintenance is costly and cannot be completed for every type of asset. Therefore, it should be used selectively. An example of how the budget can be divided amongst the four quadrants is discussed below. Data on the assets can lead to adjustments in the share of assets per quadrant to ensure that funds for routine maintenance are spent efficiently.<\/p>\n

Low-risk assets should not have any predictive maintenance completed. Moderate-risk assets that have lower probability, but higher consequence, 20% of the budget. Moderate-risk assets that have higher probability, but lower consequence, 5% of the budget. High-risk assets, 75% of the budget.<\/p>\n

It is not cost-effective to perform this type of maintenance on assets that are of low consequence. In these cases, the benefit of the information (knowing a better time to replace the asset before failure) is not worth the cost, because asset failures do not need to be prevented.<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.9.2″ _module_preset=”default” background_color=”rgba(217,217,217,0.6)” width=”100%” custom_margin=”25px||||false|false” border_radii=”on|25px|25px|25px|25px”][et_pb_column type=”4_4″ _builder_version=”4.9.2″ _module_preset=”default”][et_pb_text _builder_version=”4.9.2″ _module_preset=”default” custom_padding=”25px|25px|25px|25px|true|true”]<\/p>\n

\"\"<\/span>Preventive Maintenance<\/u> \u2013 conducted to maintain operating condition and slow deterioration.<\/p>\n

Since preventive maintenance is conducted to prevent failure, it should focus on those assets with a higher probability of failure. An example of how the budget can be divided amongst the four quadrants is discussed below. Data on the assets can lead to adjustments in the share of assets per quadrant to ensure that funds for routine maintenance are spent efficiently.<\/p>\n

Low-risk assets should receive about 10% of the budget. Moderate-risk assets that have lower probability, but higher consequence, 20% of the budget. Moderate-risk assets that have higher probability, but lower consequence, 30% of the budget. High-risk assets, 40% of the budget. The preventive maintenance can keep an asset that has moved into potential failure (showing signs of failure) from moving into functional failure (the asset is no longer performing its job) or from functional failure to catastrophic failure (when it is difficult or impossible to bring the asset back to service.)<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Operations & Maintenance   The type of maintenance performed on an asset and the associated investment from the maintenance budget can be guided by the asset\u2019s risk.Routine or Planned Maintenance \u2013 regularly scheduled maintenance, completed on a calendar or use base schedule. Routine maintenance dollars spending is fairly evenly spread across the asset inventory with a slight weighting toward the high-risk assets. An example of how the budget can be divided amongst the four quadrants is discussed below. Data on the assets can lead to adjustments in the share of assets per quadrant to ensure funds for routine maintenance are spent efficiently. Low-risk assets should receive about 20% of the budget. Moderate-risk assets that have lower probability, but higher consequence, 25% of the budget. Moderate-risk assets that have higher probability, but lower consequence, 25% of the budget. High-risk assets, 30% of the budget. There are some assets that will receive little to no routine maintenance. These assets include: assets for which routine maintenance is not possible or necessary to keep the asset in working order, assets being run to failure, assets already scheduled for replacement soon, assets replaced based on a pre-determined schedule or volume for which routine maintenance is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-6887","page","type-page","status-publish","hentry"],"yoast_head":"\nLife Cycle Costing \/ Risk Based Decision Making \/ Operations & Maintenance - Integrated Asset Management Framework<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life Cycle Costing \/ Risk Based Decision Making \/ Operations & Maintenance - Integrated Asset Management Framework\" \/>\n<meta property=\"og:description\" content=\"Operations & Maintenance   The type of maintenance performed on an asset and the associated investment from the maintenance budget can be guided by the asset\u2019s risk.Routine or Planned Maintenance \u2013 regularly scheduled maintenance, completed on a calendar or use base schedule. Routine maintenance dollars spending is fairly evenly spread across the asset inventory with a slight weighting toward the high-risk assets. An example of how the budget can be divided amongst the four quadrants is discussed below. Data on the assets can lead to adjustments in the share of assets per quadrant to ensure funds for routine maintenance are spent efficiently. Low-risk assets should receive about 20% of the budget. Moderate-risk assets that have lower probability, but higher consequence, 25% of the budget. Moderate-risk assets that have higher probability, but lower consequence, 25% of the budget. High-risk assets, 30% of the budget. There are some assets that will receive little to no routine maintenance. These assets include: assets for which routine maintenance is not possible or necessary to keep the asset in working order, assets being run to failure, assets already scheduled for replacement soon, assets replaced based on a pre-determined schedule or volume for which routine maintenance is […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/\" \/>\n<meta property=\"og:site_name\" content=\"Integrated Asset Management Framework\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-17T19:30:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/swefc.unm.edu\/iamf\/wp-content\/uploads\/2021\/03\/COF-POF1-300x300.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/life-cycle-costing-risk-based-decision-making-operations-maintenance\\\/\",\"url\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/life-cycle-costing-risk-based-decision-making-operations-maintenance\\\/\",\"name\":\"Life Cycle Costing \\\/ Risk Based Decision Making \\\/ Operations & Maintenance - Integrated Asset Management Framework\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/life-cycle-costing-risk-based-decision-making-operations-maintenance\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/life-cycle-costing-risk-based-decision-making-operations-maintenance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/COF-POF1-300x300.png\",\"datePublished\":\"2021-03-11T15:53:41+00:00\",\"dateModified\":\"2022-01-17T19:30:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/life-cycle-costing-risk-based-decision-making-operations-maintenance\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/life-cycle-costing-risk-based-decision-making-operations-maintenance\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/life-cycle-costing-risk-based-decision-making-operations-maintenance\\\/#primaryimage\",\"url\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/COF-POF1.png\",\"contentUrl\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/COF-POF1.png\",\"width\":925,\"height\":925},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/life-cycle-costing-risk-based-decision-making-operations-maintenance\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Life Cycle Costing \\\/ Risk Based Decision Making \\\/ Operations & Maintenance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/#website\",\"url\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/\",\"name\":\"Integrated Asset Management Framework\",\"description\":\"Combining Green and Gray Assets\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Life Cycle Costing \/ Risk Based Decision Making \/ Operations & Maintenance - Integrated Asset Management Framework","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/","og_locale":"en_US","og_type":"article","og_title":"Life Cycle Costing \/ Risk Based Decision Making \/ Operations & Maintenance - Integrated Asset Management Framework","og_description":"Operations & Maintenance   The type of maintenance performed on an asset and the associated investment from the maintenance budget can be guided by the asset\u2019s risk.Routine or Planned Maintenance \u2013 regularly scheduled maintenance, completed on a calendar or use base schedule. Routine maintenance dollars spending is fairly evenly spread across the asset inventory with a slight weighting toward the high-risk assets. An example of how the budget can be divided amongst the four quadrants is discussed below. Data on the assets can lead to adjustments in the share of assets per quadrant to ensure funds for routine maintenance are spent efficiently. Low-risk assets should receive about 20% of the budget. Moderate-risk assets that have lower probability, but higher consequence, 25% of the budget. Moderate-risk assets that have higher probability, but lower consequence, 25% of the budget. High-risk assets, 30% of the budget. There are some assets that will receive little to no routine maintenance. These assets include: assets for which routine maintenance is not possible or necessary to keep the asset in working order, assets being run to failure, assets already scheduled for replacement soon, assets replaced based on a pre-determined schedule or volume for which routine maintenance is […]","og_url":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/","og_site_name":"Integrated Asset Management Framework","article_modified_time":"2022-01-17T19:30:30+00:00","og_image":[{"url":"https:\/\/swefc.unm.edu\/iamf\/wp-content\/uploads\/2021\/03\/COF-POF1-300x300.png","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/","url":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/","name":"Life Cycle Costing \/ Risk Based Decision Making \/ Operations & Maintenance - Integrated Asset Management Framework","isPartOf":{"@id":"https:\/\/swefc.unm.edu\/iamf\/#website"},"primaryImageOfPage":{"@id":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/#primaryimage"},"image":{"@id":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/#primaryimage"},"thumbnailUrl":"https:\/\/swefc.unm.edu\/iamf\/wp-content\/uploads\/2021\/03\/COF-POF1-300x300.png","datePublished":"2021-03-11T15:53:41+00:00","dateModified":"2022-01-17T19:30:30+00:00","breadcrumb":{"@id":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/#primaryimage","url":"https:\/\/swefc.unm.edu\/iamf\/wp-content\/uploads\/2021\/03\/COF-POF1.png","contentUrl":"https:\/\/swefc.unm.edu\/iamf\/wp-content\/uploads\/2021\/03\/COF-POF1.png","width":925,"height":925},{"@type":"BreadcrumbList","@id":"https:\/\/swefc.unm.edu\/iamf\/life-cycle-costing-risk-based-decision-making-operations-maintenance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/swefc.unm.edu\/iamf\/"},{"@type":"ListItem","position":2,"name":"Life Cycle Costing \/ Risk Based Decision Making \/ Operations & Maintenance"}]},{"@type":"WebSite","@id":"https:\/\/swefc.unm.edu\/iamf\/#website","url":"https:\/\/swefc.unm.edu\/iamf\/","name":"Integrated Asset Management Framework","description":"Combining Green and Gray Assets","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/swefc.unm.edu\/iamf\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/pages\/6887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/comments?post=6887"}],"version-history":[{"count":15,"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/pages\/6887\/revisions"}],"predecessor-version":[{"id":23257,"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/pages\/6887\/revisions\/23257"}],"wp:attachment":[{"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/media?parent=6887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}