Spending
Mostly run-to-failure
Calendar-based Preventive Maintenance
Corrective Maintenance
Outages Resulting from Asset Failure
Capital Asset Replenishment
Shifting toward condition-based
Calendar-based Preventive Maintenance
Corrective Maintenance
Outages Resulting from Asset Failure
Capital Asset Replenishment
Calendar-based Preventive Maintenance
Capital Strategic Spending
Continue regulatory-mandated and rationalized
calendar-based programs
Strategic O&M spend on high-impact assets to extend their useful lives
Reduced truck rolls and overtime
Reduced costs associate with emergent work and improve reliability and safety
Minor decrease in replenishment capital required due to prolonging asset lives
“Found” capital for strategic investments that move the organizational needle
Overall spend reduction results in increased profit
Reduced
O&M