Track 2 Session 4
2:40 to 3:50 p.m. Wednesday June 14, 2006

Reliability Engineering as an Organizational Value Add: Satisfying Corporate Leadership and Wall Street

Most reliability engineers, teachers, and promoters have been challenged at some point in their careers to express, in financial terms, the value-add for reliability engineering. These concepts provide a basis for presenting a value proposition, which enables discussion about ascertaining financial objectives that drive profit and a return on investment. These concepts empower engineers, and other concerned parties, with methods to identify financial value from reliability engineering activities.

Key Words: SWOT, ROA, ROI, IRR, Strategy, Leadership Action Plan