Asset performance metrics like MTTR, MTBF, and MTTF are essential for any organization with equipment-reliant operations. Only by tracking these critical KPIs can an enterprise maximize uptime and keep disruptions to a minimum.
Tracking the reliability of assets is one challenge that engineering and maintenance managers face on a daily basis. While failure metrics can be very useful in this context, to use them effectively, you need to know what meaning hides behind their acronyms, how to distinguish between them, how to calculate them, and what does that tell you about your assets.
