Asset Management and Reliability Topic 2022

Running header: Asset management 1
Topic: Asset Management and Reliability:
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1.1 Overview of RMC methodology
Reliable -centered maintenance, also known as RCM, is a modern retrofitting approach
that focuses on identifying and developing operational, maintenance and overhaul strategies to
effectively manage the risks associated with equipment failure as a whole. It is characterized by a
specialized standard SAE JA1011, RKM Process Assessment Criteria.
An unwavering, high quality and service-oriented structure is a building structure that
extends the capabilities of the entire support system. It sees technical support as a way to
maintain the performance that customers can expect from a machine in a powerful environment.
As a means of control, it allows hardware partners to check, inspect, predict and, in most
cases, understand the performance of their physical resources. This is reflected in most of the
RCM process, which is based on the distinction between operating equipment configurations and
performing a critical impact and failure analysis (FMECA) (Nordgård, et al., 2010). The
second part of the examination is the use of "RKM logic", which identifies appropriate support
tasks for different frustration systems in the AFECA.
Once the justification of all components of FMECA has been completed, the subsequent
maintenance frequency is 'linked' to the phasing out of maintenance, so that the frequency of
orders can be completed so that they can be used in work packages; it is important that the
importance of the support is not compromised at this stage (Hastings & Nicholas , 2015).
Finally, it should be noted that the MCR operates within the 'administration' framework
throughout the life of the equipment, continuously testing the profitability of the equipment and
balancing it in the light of the experience gained.
Benefits
I. Deferred use of capital of RCM, unlike ERM, allows capital to be transferred to
another location as part of this project. This is done through segmentation in life and
through basic leadership with a higher degree of self-confidence.

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II. Reduction of the number of losses at work over the entire length of the pension, as a
result of solving problems related to the timing of the recovery and replacement of
fixed assets.
III. Possible reduction in the cost of maintaining capital and resources by increasing
confidence in core leadership.
IV. By including risks in the planning process, the benefits are almost infinite as they
depend on how the association uses the data in the shopping mall.
V. Measurable inventory reductions, depending on the RCM approach. There are other
cash benefits, but the above points to the most recognizable and least limited among
reliable networks.
Limitations
i. The RMC does not urgently consider all the costs involved in owning and
maintaining the benefits. Additional costs incurred by the owner, similar to those
included in the evidence base, are not taken into account and are therefore not taken
into account in a constructive manner.
ii. Preventive maintenance based on time or use is chosen when it is possible and
financially viable to reduce the risk of frustration when using this technique, which
may cause a lack of confidence in the procedure.
iii. Frustration schemes that do not have acceptable conditions or options for preventive
support should not include or change the frustration scheme at this stage of the project
evaluation.
iv. The implementation of the RCM procedures requires specialized personnel whose
acquisition may be too costly.
v. Maintaining a procedure may be cumbersome and may require additional efforts,
which may increase the cost of generating electricity.
1.2 Overview of FMEA process
The FMEA methodology is one of the risk assessment systems prescribed by the global
guidelines. It is a precise procedure to distinguish between potential frustrations to take

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advantage of the proposed opportunities, identify possible causes of frustration, eliminate the
causes and allocate the consequences of frustration to mitigate their consequences (E., 2014).
1. Recognition and evaluation of potential frustrations and their causes.
2. Recognizable evidence and prioritization of activities that can dissipate potential
frustrations, reduce the likelihood of them happening or reduce the risk.
3. Documentation of typical testing, evaluation and recovery exercises to improve
product quality over time.
FMEA and risk assessment
The FMEA is one of the few risk screening procedures. A risk analysis is an organized
procedure that determines both the probability of an undesirable event (failure) and the extent
of the negative consequences of the event and then gives a possible answer to this question.
In addition to small scale businesses (SMEs), there are other methods to investigate the
hazards (Lobley & R, 2011).
FMEA Coordinators
By applying the PMEA procedure to the different life cycles of a product, this approach
provides a weighted and trained way of looking at all the ways in which a product can fall
(M. & D., 2011).
Benefits
1. It provides recognition and evaluation of possible consequences and effects on the
system, enabling the differentiation between calculation errors and the
characterization of corrective actions.
2. Provides methods for checking items and a process design.
3. Helps to recognize the basic characteristics of the product and procedure.