Tuesday - Thursday, March 21-23, 8:30 a.m. - 4:30 p.m.

Every operation includes a certain amount of risk. Risk-Based Asset Management (RBAM) provides engineers, managers and technicians with the ability to analyze potential risks by prioritizing reliability efforts on critical equipment and failures that impact their operations. In this course, you will explore how to improve asset availability and meet reliability goals by applying a risk-based approach to asset maintenance and operations.

During the course, you will classify and analyze assets and failures to rank equipment criticality and draft a risk plan. Next, you will build a failure mode and effects analysis (FMEA) to define control strategies and populate an equipment maintenance plan. Group activities in the class include examining how life cycle cost influences investment, and choosing key performance indicators to manage a reliability program.