Risk Reliability Management

This Risk Reliability Management training course is designed to provide participants with the skills necessary to commission, assess, review, and implement a risk-based approach. The goal is to help organizations enhance asset reliability, reduce maintenance costs, and achieve higher safety and environmental standards throughout the life cycle of their systems.

Risk management has become a core responsibility for utility professionals. Organizations are now being held to higher expectations by shareholders to improve return on investment, by customers to deliver better quality, and by society to ensure improved safety and environmental integrity. Traditional maintenance methods are no longer sufficient to meet the demands placed on modern organizations, which is why forward-thinking companies are shifting toward a risk-based approach.

This training course will feature:

• How the objective of maintenance over the last twenty years has steadily shifted from a ‘prevention’ approach to ‘risk-based' approach
• Why the evolution to larger and more complex systems capable of higher capacities leads to greater losses and requires a change in maintenance tactics
• How lean processes with less in-process storage and lower product inventories create a bigger demand for reliability
• How organisations are being held to a higher standard by society with regard to safety and environmental responsibility
• How organisations can overcome the above challenges by applying what they will learn in this course

By the end of this training course, participants will be able to:

• Choose systems for reliability and risk improvement
• Identify functions and appropriate performance standards
• Anticipate the failed states, failure modes and damage mechanisms of a system
• Apply maintenance tactics to reduce risk and improve reliability
• Apply a team-based approach to implement risk and reliability improvement

This training course is suitable to a wide range of professionals but will greatly benefit:

• Reliability Engineers
• Maintenance Engineers
• Maintenance Supervisors
• Maintenance Planners
• Reliability Inspectors
• Team Leaders/Managers who are responsible for physical asset reliability and integrity