KEY MAINTENANCE METRICS
KEY MAINTENANCE METRICS 1. Mean Time Between Failure (MTBF): What it means: This is the average amount of time a system or piece of equipment operates smoothly before something goes wrong and it breaks down. Why it matters: It helps you understand how reliable the system is by showing how long it can keep working before a failure occurs. The longer the MTBF, the more dependable the system is. 2. Mean Time To Repair (MTTR): What it means: This is the average amount of time it takes to repair a system once it has failed and get it back up and running. Why it matters: Knowing the MTTR helps you gauge how quickly your team or service can fix a problem and restore operations, minimizing downtime. 3. Failure Rate (λ): What it means: This tells you the chance or likelihood that the system will fail during a certain period, like per hour or per day. Why it matters: It gives you an idea of how often failures are expected to happen. A higher failure rate means the system is less reliable a...