Risk-Based Management - A Reliability-Centered Approach (Hardcover)

Reducing risk means saving lives, time and money. This book shows how to successfully manage and significantly reduce the risk inherent to all managerial and industrial endeavours. Risk reduction is a highly complex exercise in balancing the constant demands of equipment, personnel, production and service. This book presents practical methods and ideas for reducing risk through proven, easy-to-use and cost-effective techniques Based on the sound principles of reliability-centred maintenance, this book addresses the real-world concerns of assessing, quantifying and managing risk in a wide variety of real-life situations. It goes beyond the mathematical aspects of statistics and probability to show how to actually apply risk-based management to measurably improve reliability The book bridges the gap between theory and practice by presenting information and ideas that consider existing data quality and quantity limitations. The procedures and case studies described use only data available in common industrial situations, and produce results that are directly useful in improving reliability and reducing risk We cannot change what happened yesterday, but we can manage what may happen