Risk-Based Maintenance and Inspection Strategies

Risk-Based Maintenance (RBM) is a powerful methodology that focuses limited maintenance resources on assets and failure modes that present the highest business risk. This course provides the framework for conducting qualitative and quantitative risk assessments, integrating them into inspection and maintenance planning. Participants will learn how to develop risk matrices, prioritize mitigating actions, and transition from blanket, time-based maintenance to a data-driven, risk-prioritized approach. The ultimate goal is to minimize the total risk exposure of the facility while optimizing maintenance expenditures.