Estimating the Value of Reliability Activities

Determine the worth of your work

View the 2.5-hour recorded webinar

Speaker: Fred Schenkelberg

Thanks a lot for the discussion. I am going to start building some cases based on historical data with some assumptions. I liked your stories and some objection answers you provided. Thanks a lot for the recording. — Thomas Cimprich, Reliability Manager

Cost: $100

An Accendo Reliability 2-hour webinar event focused on providing you practical content to improve your reliability program today.

Event Registration $100 for this 2-hour event

Abstract:

An obvious result of good reliability engineering is the lack of field failures. Connecting your work to the results is not always obvious. In today’s lean organizations’ everyone has to provide tangible value. Yet, if the product is doing well, how do you show your ongoing contribution to the organization? Reliability engineering may increase the cost of a product or lead to expensive product testing.

Justifying these expenses is often based on the chance of improved product reliability. It is the quantification of value resulting from specific reliability engineering actions that enable you to articulate your worth to an organization.

The purpose of this webinar is to explore how to calculate the value of reliability engineering activities. We will explore ways to estimate value for use in engineering proposals. We know that a reliable product provides value to the customer, but it also is a value to you and your organization. Here you will learn how to connect specific reliability engineering work to the real value created.