Risk-Based Maintenance Consultants
Effective asset management requires a strategic approach to maintenance that balances cost, performance, and risk. At MCP Consulting Group, we provide expert consultancy services to help organisations implement Risk-Based Maintenance strategies that prioritise critical assets, optimise maintenance resources, and enhance reliability.
RELIABILITY MANAGEMENT CATEGORIES
What is
Risk-Based Maintenance
Risk-Based Maintenance (RBM) is a proactive maintenance strategy that assesses the risk of asset failure and allocates maintenance efforts accordingly. By focusing on the likelihood and consequences of failure, organisations can direct resources to the most critical assets, reducing downtime, improving safety, and optimising maintenance costs.
At MCP, we help businesses integrate RBM principles into their maintenance management frameworks, ensuring a data-driven, efficient, and cost-effective approach.
Key Objectives of
Risk-Based Maintenance
1
Prioritising Maintenance Activities
Identify and focus on assets with the highest risk of failure and operational impact.
2
Reducing Unexpected Failures
Implement risk assessments and predictive maintenance techniques to mitigate potential failures.
Allocate resources effectively by reducing unnecessary maintenance on low-risk assets.
3
Optimising Maintenance Costs
4
Enhancing Asset Reliability and Performance
Apply risk-based strategies to improve asset availability and operational efficiency.
5
Reducing Spare Parts Requirements
Adopt a risk-based approach to help identify the spare parts required to minimise downtime.
6
Ensuring Compliance and Safety
Align maintenance practices with industry regulations, reducing risks related to safety and environmental impact
MCP Approach to
Risk-Based Maintenance
Maintenance Strategy Optimisation
Our consultants work alongside organisations to develop Risk-Based Maintenance frameworks that align with ISO 55001 best practices and industry-specific requirements. We provide tailored recommendations to help businesses balance cost, risk, and asset performance.
We work with organisations to evaluate asset criticality by helping them identify high-risk equipment that could lead to operational disruptions. Our approach ensures that businesses have the tools and insights to prioritise maintenance resources efficiently.
Asset Criticality Assessment
We work with organisations in assessing an asset’s overall role and strategic value focussing on long term operational and business value, supporting capital investment planning.
Asset Importance Assessment
Failure Modes, Effects, and Criticality Analysis (FMECA)
MCP provides structured frameworks and training to help organisations conduct FMECA assessments, allowing them to systematically assess failure risks and determine effective preventive actions.
Condition Monitoring and Predictive Analytics
We support businesses in deploying real-time condition monitoring solutions, including vibration analysis, thermography, and oil analysis. By integrating predictive analytics, we help organisations build proactive maintenance strategies and improve decision-making.
Continuous Improvement and Review
MCP helps organisations establish ongoing assessment mechanisms to adapt to changing operational conditions. We provide tools and methodologies that enable businesses to conduct regular risk reviews and refine maintenance plans for long-term success.
Reliability Management
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Speak to One of Our
Reliability Consultants
If you have any questions or would like to learn more about how MCP Consulting Group can support your organisation with Risk-Based Maintenance, please get in touch with us. Our team of consultants is ready to provide tailored solutions to enhance asset reliability and improve operational performance.
FAQs
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Risk-Based Maintenance (RBM) prioritises maintenance activities based on asset risk levels, while Preventive Maintenance follows a fixed schedule regardless of asset condition. RBM optimises resource allocation by focusing on high-risk assets.
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RBM is highly beneficial for manufacturing, energy, utilities, transportation, and healthcare sectors, where equipment reliability is critical to operations.
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FMECA helps organisations identify potential failure modes, their impact, and likelihood, allowing for proactive risk mitigation strategies that enhance asset performance.
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Predictive analytics uses historical data and real-time monitoring to forecast potential failures, enabling organisations to schedule maintenance proactively rather than reactively.
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By focusing maintenance efforts on high-risk assets, RBM reduces unnecessary maintenance costs, minimises downtime, and extends asset lifespan.
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Asset criticality evaluates the relative importance of each asset to operations and the impact of failure. Asset importance assesses each asset’s overall importance within the overall business.