Finding Value: How to Determine the Value of Reliability Engineering Activities

Thank you! Demonstrating the value has been a bit hit at my site. We’ve actually added it into our standard work where we check the ROI during the early stages of each design change. — Gillian Yaeger

An obvious result of good reliability engineering is the lack of field failures. Connecting your work to the results is not always obvious.

In todays 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 recommend expensive product testing. Justifying these expenses is often based on the chance of improved product reliability.

It is the quantification of value due to specific reliability engineering actions that enable you to articulate your worth to an organization.

This short book explores how to calculate the value of reliability engineering activities. We explore ways to estimate value for use in engineering proposals. 
We know that a reliable product provides value to the customer, 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.

PDF file size: 318 KB

ePub file size: 1.3 MB

Print Length: 84 pages

Publisher: FMS Reliability Publishing (April 21, 2014)

ASIN: B00JUXU8MS

eBook ISBN: 978-1-938122-02-6

paperback ISBN: 978-1-938122-03-3

 

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You may purchase a copy via the Amazon (Kindle version) or MagCloud (PDF or softcover versions)