All Glossary Terms
Ranking Index for Maintenance Expenditures (RIME)
Maintenance definition:
RIME is a prioritization tool used to optimize maintenance expenditures by ranking maintenance activities based on their importance and impact on operations. It helps organizations allocate their maintenance budget more effectively, focusing resources on the most critical tasks that contribute to operational reliability and efficiency. RIME considers factors such as equipment criticality, failure consequences, and cost-benefit analysis.
