Risk-Based Asset Management
Next Course Offering Dates:
October 19-21, 2021 & March 22-24, 2022
Explore how to improve asset availability and meet reliability goals by applying a risk-based approach to asset maintenance and operations. In the Risk-Based Asset Management (RBAM®) course, you practice how to prioritize reliability efforts on critical equipment and failures that impact your operation. RBAM incorporates reliability-centered maintenance (RCM) principles and continuous improvement practices like PDCA to position your program for decreased downtime, lower maintenance expenditures, and an acceptable total cost of ownership.
During the course, participants classify and analyze assets and failures to rank equipment criticality and draft a risk plan. Next, learners build a failure mode and effects analysis (FMEA) to define control strategies and populate an equipment maintenance plan. Group activities in the class include examining how life cycle cost influences investment and choosing key performance indicators to manage a reliability program. Specific emphasis will be placed on the resources needed to create an asset management plan - a risk, maintenance and asset operations plan – that can manage the entire life cycle of an asset.
Learn How To
- Draft components of an asset management plan: risk and maintenance plan
- Describe what an asset management organization needs to know to manage risk and improve performance
- Describe the four phases in a risk-based asset management model
- List ways to extend the life of assets and evaluate their effectiveness
- Use a failure mode and effects analysis (FMEA) to analyze risks and map control strategies to failure modes
- Describe how audits, reviews and key performance indicators drive continuous improvement
- Practice applying a standard process for preventive maintenance optimization
- Select the optimal strategy for renewal or disposal based on asset management strategy
Who Should Attend
This is ideal for people responsible for the design, installation, commissioning, operation and maintenance of capital assets and auxiliary equipment. This includes project engineers, reliability engineers, maintenance managers, operations managers, and engineering technicians.
All students completing the class will receive a certificate of completion including the awarding CEU credits.
The price for each 3-day course includes a comprehensive active learning manual. In person courses include lunch each day as well.
Each completed course will earn 2.1 CEUs with a total of 8.4 CEUs for the certification program that are accepted and recognized by The Ohio State University, Life Cycle Institute and Certified Reliability Leaders.
This program is offered through a partnership with the Life Cycle Engineering and Institute.
Cancellation and Refund Policy
100% refund, minus a $75 administrative fee, if you cancel more than 14 business days before a training course date. No refunds will be given after that time. Registrations can be transferred.
In the event that a course is rescheduled or canceled because enrollment numbers are not met, we reserve the right to offer complete refunds or reschedule for a more appropriate time frame. We will always work with our clients for a mutually agreeable solution.
Health and Safety Protocols
All participants will be required to abide by the university safe and healthy protocols, including the COVID-19 vaccine requirement & mask mandate. Contact the program for more information.
Room #245 Bevis Hall, 1080 Carmack Rd, Columbus, OH 43210