What is performance-based maintenance plan in SAP PM - Plant Maintenance?

SAP Term: performance-based maintenance plan

• Component: PM

• Component Name: Plant Maintenance

• Description: A maintenance plan with a performance-based maintenance strategy strategy plan or maintenance plan with one performance-based maintenance cycle single cycle plan. You can use a performance-based maintenance plan to schedule tasks at regular service intervals, for example, every 500 operating hours or every 1,000 miles. For example, you can use measuring points to schedule a performance-based maintenance plan based on operating hours or miles.

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• Key Concepts: 
  A performance-based maintenance plan is a type of preventive maintenance plan used in SAP Plant Maintenance (PM). It is based on the performance of a piece of equipment or machinery, and is used to determine when maintenance should be performed. The plan is designed to ensure that the equipment or machinery is running at its optimal level and that any potential problems are identified and addressed before they become major issues. 
  
  How to use it: 
  In order to use a performance-based maintenance plan, you must first define the performance criteria for the equipment or machinery. This includes setting thresholds for when maintenance should be performed, such as when the equipment or machinery reaches a certain number of hours of operation or when certain performance metrics are not met. Once these criteria have been set, the system will automatically trigger maintenance tasks when the criteria are met. 
  
  Tips & Tricks: 
  When setting up a performance-based maintenance plan, it is important to ensure that the criteria are set correctly. If the criteria are too strict, then maintenance may be performed too often and can become costly. On the other hand, if the criteria are too lax, then potential problems may not be identified and addressed in time. It is also important to ensure that all relevant personnel are aware of the plan and understand how it works. 
  
  Related Information: 
  For more information on performance-based maintenance plans in SAP Plant Maintenance, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PLANT_MAINTENANCE/7.5/en-US