Completed Maintenance Key Performance Indicator

This KPl, which provides a measure of the reliability of the corrosion monitoring equipment, is determined from the asset s maintenance performance in repairing equipment faults reported during routine corrosion inspection visits. This measure reflects the recognized importance that equipment reliability is critical to the performance of corrosion inhibition systems and hence is also a key cost factor. The indicator is derived from a ratio of the number of maintenance actions raised versus the number of actions completed in a given monitoring jjeriod [Eq. (12.7)]. 

Measures of performance have been used by management for centuries to review current operational capabilities. Such measures have been used to assess both departmental and corporate performance, as well as trend performance achieved against plan. In many industrial facilities, these measurements are related to safety (e.g., number of incidents/accidents), environment (e.g., number of releases), costs, and productivity. These measures are needed in order to determine not only if resources and costs have been managed for the production achieved, but also whether the assets or plant remain in good health [9]. 

Each of these outcomes will build toward the goals of the perspective. And these metrics, if well chosen, will be the catalysts for change, providing warning signals to identify ineffective or failed asset jjerformance strategies. 

In the safety and environmental perspective, the focus would be on providing the systems, procedures, and trainings which build operational awareness, skills, functional systems, and capabilities to prevent, manage, and eliminate safety and environmental incidents. 

And in the work management perspective, the focus would be on efficiently completing maintenance work while minimizing the potential for future breakdowns and restoring assets to their operating condition. Finally, for the reliability perspective, the focus would be to build the analytics and skills required to increase and improve plant uptime while preserving the integrity and life of plant assets. 

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