Risk-Based Maintenance (RBM)
Risk-Based Maintenance is used as a strategy when the likelihood of an asset’s failure may have severe consequences. In other words, assets that carry a high risk need priority when it comes to maintenance.
Questions need to be asked before defining the strategy such as:
1. Which assets carry the most risk?
2. How many high-risk assets are in each location?
3. What is the exact risk level per asset?
4. What is the consequence of failure?
Following this type of assessment, each asset can be given a risk score and a maintenance plan devised that minimizes exposure for the entire organization.
When is Risk-Based Maintenance used?
An organization will need to implement a Risk-Based Maintenance strategy if the risk of consequence far outweighs the cost of equipment. Prime examples of such organzations are hospitals that use devices to protect human life and the oil and gas industry that need to prevent failures with high-pressure equipment.
Real Asset Management’s CMMS uses risk scores, failure histories, and asset inter-dependencies to recommend optimized work order schedules that are designed to prevent costly interruptions to an organization’s operations. Automated email alerts and KPI dashboards flag up potential problem areas so that early preventive action can be taken.