I. INTRODUCTION
RCM is a maintenance tool that applicable for all types of engineering systems. Especially for mechanical machines. Methodology of this tool is to generate maintenance plan by performing Analysis like Maintenance, FMEA on the Machines/systems. Today the question „Is RCM is effective enough to serve the maintenance engineers who belongs to small and medium scale firms?‟ is increasingly being asked. Continual modernization and the pressing need for higher and higher productivity have resulted in the increased development and use of sophisticated & complex Machines and equipments. This has resulted in increased capital employed in Production equipment (Waeyenbergh & Pintelon, 2002). Systems are also becoming more costly relative to their operation & support. In case of capital equipment used in process and various other plants, which are one-off and cannot be prototype tested, incipient failures occur. This affects production and resulted in= loss of revenue. Till now RCM tool worked as technique which generates effective maintenance plan.
Addition of managerial approach to this RCM tool in order to restrict the loss of revenue and to generate effective maintenance plan in economical manner. This is achieved by