System, method and computer program product for total effective cost management

A method of total effective cost management in an organization, the method comprising:

• creating a maintenance plan for the organization, the maintenance plan including at least one task performed during maintenance of the organization;
• creating a plurality of different maintenance schedules for performing the at least one task of the maintenance plan;
• determining a total effective cost (TEC) associated with each maintenance schedule based upon a cost and an availability associated with the maintenance schedule, the availability being based upon a down time and a mission time associated with the maintenance schedule;
• and
• selecting a maintenance schedule from the plurality of different maintenance schedules based upon the TEC for each maintenance schedule.

A computer program product for total effective cost management in an organization, the computer program product comprising at least one computer-readable storage medium having computer-readable program code embodied in said medium, the computer-readable program code comprising:

• a first executable portion for creating a maintenance plan for the organization, the maintenance plan including at least one task performed during maintenance of the organization;
• a second executable portion for creating a plurality of different maintenance schedules for performing the at least one task of the maintenance plan;
• a third executable portion for determining a total effective cost (TEC) associated with each maintenance schedule based upon a cost and an availability associated with the maintenance schedule, the availability being based upon a down time and a mission time associated with the maintenance schedule;
• and
• a fourth executable portion for at least one of selecting and receiving a selection of a maintenance schedule from the plurality of different maintenance schedules based upon the TEC for each maintenance schedule.