Risk Reliability Management
A focused discipline that integrates risk assessment and reliability analysis to ensure safe, consistent, and cost-effective operations by identifying potential failures,
Course Overview
The Risk Reliability Management training course is designed to equip participants with the knowledge and practical skills required to design, evaluate, review, and implement a structured risk-based reliability strategy. The course focuses on enhancing asset reliability, optimising maintenance expenditure, and sustaining high standards of safety and environmental performance across the full asset life cycle.
In today’s operational environment, risk management has become a core responsibility for maintenance and asset professionals. Organisations face increasing pressure from shareholders to improve returns, from customers to deliver higher service levels, and from regulators and society to meet stringent safety and environmental expectations. As systems grow larger and more complex, traditional time-based maintenance approaches are no longer sufficient. This programme addresses these challenges by promoting a proactive, risk-based approach to reliability and maintenance management aligned with international best practices. This training course highlights:
- The evolution of maintenance objectives from prevention-focused to risk-based strategies
- The impact of increasing system complexity and capacity on operational losses and maintenance decision-making
- The growing dependence on reliability driven by lean operations and reduced inventory buffers
- Heightened societal and regulatory expectations regarding safety, health, and environmental protection
- Practical methods for overcoming these challenges through structured risk and reliability management
Course Objectives
By the end of this course, participants will be able to:
- Select systems and assets for targeted reliability and risk improvement
- Identify asset functions and define appropriate performance standards
- Anticipate failed states, failure modes, and underlying damage mechanisms
- Apply effective maintenance tactics to reduce risk and enhance reliability
- Implement a structured, team-based approach to risk and reliability improvement initiatives
Course Audience
This course is intended for professionals involved in the management, operation, and maintenance of physical assets, and will be particularly valuable for:
- Reliability Engineers
- Maintenance Engineers
- Maintenance Supervisors and Planners
- Reliability and Asset Integrity Inspectors
- Team Leaders and Managers responsible for asset reliability, availability, and integrity
Course Methodology
The programme employs proven adult learning methodologies to ensure effective knowledge transfer and skill development. Delivery methods include:
- Instructor-led presentations grounded in recognised international standards
- Interactive discussions and guided learning
- Individual and group practical exercises
- Real-life case studies reflecting operational and maintenance challenges
- Hands-on application of risk and reliability analysis techniques
This blended approach ensures participants can directly apply the concepts and tools within their own operational environments.
Course Outline
Day One: Operational Context and Functional Analysis
- Plant and equipment decomposition
- Asset criticality grading
- Identification of primary and secondary functions
- Definition and quantification of performance standards
- Practical exercise: Functional analysis
Day Two: Failure Analysis
- Failure modes and failed states
- The concept of “reasonably likely” failures
- Deterioration and damage mechanisms
- Physical damage mechanisms
- Practical exercise: Failure analysis
Day Three: Failure Effects, Consequences, Probability, and Risk
- Operational and financial risk impacts
- Safety, health, and environmental consequences
- Hidden and latent failure consequences
- Practical exercise: Risk analysis
- Overview of the six failure probability density curves
Day Four: Risk-Based Maintenance Tactics
- Maintenance tactic decision diagrams
- Preventive maintenance strategies and interval selection
- Condition-based maintenance and determination of the P-F interval
- Function testing and failure-finding tasks
- Practical exercise: Selection and definition of maintenance tactics
Day Five: Implementing Risk-Based Reliability Management
- Role and responsibilities of the facilitator
- Selection and structuring of review projects
- Auditing and validating decision-making processes
- Implementing and sustaining improvement outcomes
- Post-course assessment
Certificates