Risk-based assessment techniques outlined
An
ERA Technology product story
Edited by the Engineeringtalk editorial team
Oct 4, 2001
Leo Bjorkegren will be presenting a paper at the 'Engineering Asset Management' conference outlining the risk and assessment techniques available to help optimise plant performance
"Asset managers are constantly under pressure to maximise performance while minimising capital and operational costs, at every stage of the lifecycle from the initial design through to decommissioning.
However, there are various risk-based assessment techniques to help organisations optimise plant performance", explains Leo Bjorkegren, ARM Consultant at ERA Technology.
Leo Bjorkegren will be presenting a paper at the 'Engineering Asset Management' conference on 2-3 October outlining the different risk and assessment techniques.
In particular Leo Bjorkegren will explore plant availability simulation (PAS), reliability-centred maintenance (RCM) and risk-based inspection (RBI).
These techniques have arisen independently of each other and tackle different aspects of plant performance.
Leo Bjorkegren will compare the different methods and explore the similarities between these techniques.
Process availability simulation calculates the performance of a system based on the reliability and capacity of the individual components.
Reliability-centred maintenance is a comprehensive optimisation technique that provides the best plant reliability for the minimum maintenance cost.
Risk-based inspection is a technique specifically designed for equipment that is subject to time dependent degradation.
"These techniques help clients plan, procure, manage and operate their assets more effectively, identify deficiencies in plant operation, investigate different working scenarios and provide quantitative support for investment decisions and performance improvement", explains Leo Bjorkegren.
"They are used successfully on a wide range of plant including onshore and offshore petrochemical installations, power generation and distribution plant, water treatment and distribution systems, food manufacturing and baggage handling, and can be applied to virtually any process plant." The intensive two-day conference 'Engineering Asset Management', organised by ERA Technology, will give delegates a practical insight into optimising the return on their assets and planning for the unexpected.
As companies strive to maintain their share of the market they need to find ways of delivering products using their resources in the most efficient way.
This conference will address current challenges that organisations face when implementing good asset management practice and delegates will learn how best practice can be transplanted from one industry to another.
The conference is taking place on 2-3 October 2001 at the Paragon Hotel, West Brompton, London.
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