Industry Terms

RCM2™ – The leading RCM methodology used to determine the maintenance requirements of any physical asset in its operating context. It is used to decide what must be done to ensure that any physical asset, system or process continues to do whatever its users want it to do. Learn More »

RCM3™ – Extends the RCM2 capability to align with more recent and international accepted standards. Is one of the most important management systems for improving Process Safety and Asset Integrity. Learn More »

Risk Based Assessment (RBI) – A risk assessment and management process that focuses on maintaining the mechanical integrity of pressure equipment items and minimizing the risk of loss of containment due to deterioration. Learn More »

Reliability Centered Design™ (RCD™) – A proactive approach for assisting design engineers with integrating reliability considerations into the design process. Together with other reliability processes such as RCM and RBI, it helps to achieve an immediate holistic approach to failure management. Learn More »

Root Cause Failure Analysis (RCFA) – A continuous improvement process that provides a holistic approach to failure management when used together with RCM and RBI. Applied after failure has occurred to allow engineers to maximize asset performance. Learn More »

Condition Assessment (CA) – Helps optimize RCM analysis and outcomes, providing information to make knowledgeable, fact-based decisions for preserving asset life through maintenance or timely repair and rehabilitation practices to continue operations and avoid critical interruptions. Learn More »

Asset Life Information Management (ALIM) – Results in a comprehensive understanding of the condition of the assets and related risk issues and what is required to continue the safe and effective operation of the assets. Learn More »

Failure Modes Effect Analysis (FMEA) – An effective tool for improving designs for products and processes. The FMEA process is a way to identify the failures, effects, and risks within a process or product, and then eliminate or reduce them. Learn More »

Process Hazard Analysis (PHA) – A set of organized and systematic assessments of the potential hazards associated with an industrial process. A PHA provides information intended to assist managers and employees in making decisions for improving safety and reducing the consequences of unwanted or unplanned events. Learn More »