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Reliability Centered Maintenance (RCM)

Reliability Centered Maintenance (RCM) is the concept of developing a maintenance scheme based on the reliability of the various components of the system or product in question. Implementing a preventative maintenance program using RCM can greatly reduce the the cost of ownership of a product or system.
Developing an effective RCM program requires extensive knowledge about the reliability and maintainability of the system and all of its subsequent components. Important factors include the MTTR (Mean Time To Repair) and failure rate (total number of failures within a given time period) of the product or system.

more information: http://www.reliability-centered-maintenance.com/

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