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Reliability Information Management


RIM Best Practices

Best Practice #11: Maintain Avoided Cost Records
Core Issues
  • Cost benefits are based on the difference between what could have occurred vs. what action was actually taken as a result of monitoring
Advantages
  • Reliability programs need to show cost savings in order to sustain resources and grow
  • Most benchmark reliability programs rely on maintaining and reporting avoided cast results



Learn more about RIM best practices: