Predicting the Value of a Reliability Goal in Your Organization

Establishing a reliability goal for a project is often done early.

You may already know the reliability goal provides guidance to the entire development and supply chain team.

Yet, what is the actual value setting a reliability goal?

Value is the return on the investment. Here the setting of a goal may be customer imposed or simply an educated guess.

It may take some work to craft a meaningful goal reflecting customer expectations. What difference does it make if you do not set a goal, set a quickly devise one, or set a well-researched goal?

The value of a goal can manifest itself many ways. From providing direction; to providing a standard for comparison; to assessing suppliers capability; to judging actual field performance.

Yet how does one go about estimating the value of setting a goal?

Let’s discuss the various approaches and methods to ascertain the value created when you set a reliability goal. The discussion explores examples using different situations to demonstrate how to find value with goal setting.

This Accendo Reliability webinar originally broadcast on 12 July 2016.