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RBD Development for Economically Challenging Times

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Content Description
Original date: 
Tuesday, September 29, 2015
Abstract: 
Reliability Block Diagrams (RBD) help organizations achieve new project goals which makes them an especially important tool under the restriction of budget and production cuts that are currently typical due to economic constraints such as low oil prices. At design stages and under new budget cuts, management should consider a few things besides meeting the projects budget like: New plant capacity expected; Plant overall reliability and availability; Operating risks; and Projected maintenance costs. Participants will see that by building an RBD the project team will have a document that will help in the decision making while supporting both in production and economic terms a decision. 
BoK Content Source: 
MainTrain 2015
BoK Content Type: 
Presentation Slides
Presentation Paper
Asset Management Framework Subject: 
02 Asset Management Decision Making, 2.01 Capital Investment Decision-Making, 2.02 Operations & Maintenance Decision-Making, 2.03 Lifecycle Value Realisation, 03 Lifecycle Delivery, 3.03 Systems Engineering, 3.06 Reliability Engineering, 06 Risk and Review, 6.01 Risk Assessment & Management, 6.02 Contingency Planning & Resilience Analysis
Maintenance Management Framework Subject: 
03 Asset Strategy Management, 3.0 Asset Strategy Management General, 3.1 Asset Maintenance Plans, 3.2 Performance Measurement & Optimization, 05 Maintenance & Reliability Engineering, 5.0 Maintenance and Reliability Eng General, 5.1 Stats Analysis / Analytical Methods, 5.2 Reliability Modelling
Author Title: 
Reliability Engineer
Author Employer: 
ARMS Reliability
Author Bio: 

As a mechanical engineer who graduated in Colombia in 2010, Nicolas worked initially for Wood Group as a reliability engineer and RAMS specialists in projects in South America, before being engaged for a 1 year RAMS study on offshore platforms in Trinidad and Tobago for BP. Nicolas now works with ARMS Reliability as a Reliability Engineer in North America, working on projects for companies like BP, Rio Tinto and Cenovus involving RCM, RBD, Criticality analyses, FMEA and strategy optimization. He is currently based in Calgary.