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and other activities to ensure that an asset
is not retired (or renewed) before it has reached the end of its
intended design life (or service
life) and goes beyond the normal life threshold.
Does painting allow an asset to "reach" its normal/design life or does it "extend "its life (the underlying component).
The lives of some assets cannot be extended beyond a certain point, either due to legislative timetables or other factors. For example: the life cannot be extended on a smoke detector or a fire extinguisher.
Activities to help extend the life of an asset include the following:
Listed below are some of the key factors to determine whether the life of an asset has been extended or can be extended:
Fig. Comparing the Maintenance-Repair-Renewal (MRR) trade-offs at different organizations. As maintenance quality and effort increases so too does the frequency and scope of repairs decrease - however, there is a point of diminishing returns. Do you know where your balance is?
Fig. The impact of maintenance on the service life of assets.
Fig. The impact of maintenance on "extending" the life of assets as represented on a calendar timeline.
Fig. The impact of maintenance on "reaching" the life of assets as represented on a calendar timeline.
Fig. Our cartoon character ("I. Care") is debating whether we can reach life or extend life of assets.
Fig. Examples of assets whose life can be extended under certain circumstances.
Fig. Extending life conceptually represented on a survivor curve relative to the point of functional failure (F). F1 is the original life forecast that has been extended to F2.
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