The discussion in the industrial maintenance world today is predominantly focused on plant and equipment reliability. The real meaning of equipment reliability is often hidden behind other terms like World Class Maintenance, Asset Efficiency, Proactive Maintenance, Predictive Maintenance, Lubrication Management, Lean Manufacturing, TPM and even 5S (Sorting, Straightening, Systematic cleaning, Standardizing, and Sustaining). However, irrespective of what companies choose to call it, they all have fundamentally the same objective.