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Reliability Centered Asset Management

Reliability Centered Asset Management - 49:16 
The RELIABILITY Conference 2016-Asset Management Forum 
by Richard Overman, Author

With the transition from the twentieth to the twenty-first century, industry has experienced growth of automated technology, the Internet and computer capability. With so much technology readily available, users have the ability to better monitor their equipment and know the condition of their assets with more precision. However, is more precision necessarily a better thing? Just knowing the asset condition more precisely does not necessarily mean the asset is better managed. A better monitored asset that is not substantially contributing to the function of the organization does not help the organization. Hence, the challenge is to effectively use current and future technologies.

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