Finding Value

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...
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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 enables 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.