June 2021

Maintenance and Reliability

Risk mitigation procedure following criticality assessment and FMEA

In asset performance management (APM), criticality assessment and failure mode and effects analysis (FMEA) are powerful tools that enable the identification of opportunities to minimize asset lifecycle costs during the development of equipment strategies.

Zou, T., T. A. Cook

In asset performance management (APM), criticality assessment and failure mode and effects analysis (FMEA) are powerful tools that enable the identification of opportunities to minimize asset lifecycle costs during the development of equipment strategies. Here, the author proposes a risk mitigation procedure that prioritizes tasks based on the criticality assessment and FMEA results, considers multiple aspects of failure effects and aims to provide data-driven solutions to maximize the risk mitigation benefit and return on investment (ROI). Criticality assessment and FMEA A criticality assessment is used to chart the probability of a failure against the severity of its consequences with r

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.

*Access will be granted the next business day.

Related Articles

From the Archive

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}