Benefits of RAM Analysis:
The benefits of undertaking RAM Studies include:
- A reduction in the maintenance and sparing costs, while maintaining and/or increasing production levels;
- A decrease in the duration of any unplanned and planned outages;
- Optimization on capital investment by reducing the cost of production;
- Optimization of capital improvement options at the plant and enterprise levels when improve budgets are constrained;
- Accurate forecasts of equipment lifecycle costs that reflect the equipment age, duty cycle, and maintenance effectiveness;