Asset Reliability Risk Ranking Identifying Opportunities for Robust Control Strategies

by David Meirau, Life Cycle Engineering

Introduce a framework to rank the reliability risk of assets and steps to develop engineering standards, templates, and tools to execute the process.

Learning takeaways

1. A framework for analyzing asset risks and steps to develop engineering standard.
2. Review reliability risk ranking results from large manufacturers in terms of realized value and improvement.
3. Consider how to apply and benefit from an asset risk reliability ranking process.