Are you rolling the dice when it comes to managing Operational Risks? In an industrial setting, physical plant systems are the primary revenue generators and where the consequences of failure can be catastrophic - reliability is serious business. A standard practice for minimizing the overall risk exposure associated with system failure is to apply a redundancy philosophy — or a Duty/Standby Philosophy. Does your organization have a duty/standby philosophy? How does it address risks, safety and optimum life cycle costs associated with plant systems? In this presentation learn about the well-known 50:50 philosophy used in industry. This will be followed by a case for higher reliability by providing a qualitative argument for moving away from the conventional 50:50 practice of managing systems in such an arrangement.
Christopher is an Aladon-Certified RCM2 Practitioner and Equipment Asset Management Practitioner who has built his career on an international stage and across industrial sectors which include Oil & Gas (both offshore & onshore), Raw Metal Refining, Manufacturing and Water & Wastewater.