Deterioration Modelling and Reliability Engineering in Asset Management Planning
BoK Content Type:
Presentation Slides
Video
BoK Content Source:
MainTrain 2021
Original date:
Wednesday, April 28, 2021
As maintenance and reliability professionals we often get caught in the detail of appropriate reliability techniques and can sometimes lose sight of the bigger picture and organizational goals. This presentation will provide an indication of the place of reliability engineering in asset management and business planning. We will also touch on some of the tools in the toolbox of reliability engineers and maintenance professionals such as asset modelling (deterioration and failure modelling), risk assessment, prioritization and inspection. The presentation will indicate how these tools relate to business planning and when is appropriate to use during an asset lifecycle. The presentation will show examples of application through case studies in treatment plants, infrastructure, and building facilities and highlight what we have found to be some of the key issues and challenges and how they can be overcome. To conclude we will highlight some of the key lessons learned from application of these tools and approaches.