Risk Linked Reliability-Centred Maintenance Management Model

Abstract

In Sect. 4.2, RCM is briefly introduced, and the steps followed within a RCM approach are described. Although abundant literature has been published on RCM, a brief introduction is given to facilitate the discussion during the remainder of this book. Aspects related to RCM such as Failure Mode and Effect Analysis (FMEA) and the calculation of a Risk Priority Number (RPN) are described. Section 4.3 continues with considering risk management as a decision-making method within asset management and explaining the link between RCM and risk management. In Sect. 4.4, risk linked RCM methodology is developed, where failure modes are linked to business values through the use of risk factors. Section 4.5 applies this model to a case study of a Dutch electricity network operator for a power transformer and subsequently to manager a larger fleet of power transformers. This chapter comes close in Sect. 4.6 by drawing a number of concluding remarks and explaining the way forward for the remainder of this book.