The document summarizes the key aspects of achieving world class maintenance status based on a presentation by Ricky Smith. It discusses that world class maintenance is a journey with no defined timeline. Attributes of world class maintenance organizations include using computerized maintenance management systems and aligning maintenance and production goals. Examples are provided of companies that have achieved world class status like Exxon Baytown and Alcoa Mt Holly, and the benefits they realized are outlined. Tips are given that emphasize effective leadership, education, treating maintenance as an investment, and taking the first step on the journey.