January 2001


Rotating equipment risk-based assessment and benchmarking

Joint industry project on steam turbines identifies high risk areas and helps prioritize maintenance resources

To squeeze maximum profits from machinery, managers in the chemical and oil and gas (COG) and other heavy industries must find ways to increase the time between scheduled machinery overhauls, especially steam turbine and compressor maintenance. What is primarily driving this practice is the desire to reduce direct overhauling and inspection costs while providing appropriate availability levels. The basis for justifying additional overhaul and inspection work is occasionally expressed by machinery engineers as a "risk of failure." This type of risk is not easily quantified and may not be understood by managers responsible for these budgets. The following account highlights the first accompl

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