Operational risk reduction benefits companies by improving plant uptime and maximizing throughput because they have highly reliable machines and equipment
Plant Wellness Way EAM gets massive operational risk reduction by ensure every opportunity throughout the life cycle to cause risk of equipment failure is identified and eliminated or controlled
Development of operational risk reduction strategy is done for each critical equipment. Taking one asset at a time you find all its threats to your operation’s success and eliminate them. Failure cause after failure cause is removed from critical assemblies and components.
PEW/PWW EAM Course Day 3 – Reliability Creation Session 18 – Operational Risk Reduction
Operational Risk Reduction
– Physics of Failure Factors Analysis
– Chance and Consequence Reduction on Risk Matrix
– Economic Maintenance Selection
Physics of Failure Analysis Guidewords
Physics of Failure Stress Factors Analysis | Physics of Failure Error Prevention
PEW/PWW Chance Reduction and Consequence Reduction Strategies for Operational Risk Reduction
Reliability and Restore or Replace Decisions | Restore or Replace Decisions
Maintenance Strategy is an Economic Decision
The new Industrial and Manufacturing Wellness book contains all the latest information, all the latest templates, and worked examples of how to design and build a Plant Wellness Way Enterprise Asset Management (PWWEAM) system-of-reliability. Get the book from its publisher, Industrial Press, and Amazon Books.
The PLANT WELLNESS WAY EAM TRAINING COURSE teaches you to use and master the Plant Wellness Way EAM methodology. Follow this link to read about Training for New Users in the Plant Wellness Way EAM Methodology for World Class Reliability.
You are welcome to go to the Plant Wellness Way Tutorials webpage and look at worked examples of Plant Wellness Way EAM techniques and read in-depth explanations of the latest version of many PWWEAM presentation slides.
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