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  • 1.  Risk assessments for equipment

    Posted 01-10-2023 11:23 AM

    Hello everyone - just wanted to make you aware of a FREE online tool to analyze equipment risk.  If you are starting a criticality assessment project or seeking a simple approach to identify operational risk for your equipment, you may want to utilize this.  Upload your maintenance history and the solution will analyze failure probability & consequence to rank risky assets, identify failure rates off industry benchmarks as well as highlight assets which may impact your current production plan.

    If you are looking for quick, quantitative insights to drive reliability improvements this could be helpful for your program and best of all it's offered to the maintenance and reliability community as a free resource to enable your initiatives.

    Check it out here:  https://www.assetriskanalyzer.com



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    Joe Nichols
    Itus Digital
    Roanoke VA
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  • 2.  RE: Risk assessments for equipment

    Posted 01-11-2023 09:47 AM
    Sounds like a productive tool, thanks for sharing!

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    Juan Carlos Cristancho Perilla CMRP, PMP, MSc, VA II
    King Abdullah University of Science and Technology
    Yanbu
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  • 3.  RE: Risk assessments for equipment

    Posted 01-11-2023 11:08 AM
    Hi Joe,
    Thanks for sharing.

    Is it possible that the units of the MTBF are in hours?

    Regards !

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    Luis Felipe Villarreal Gomez
    PROACTIVE ENGINEERING S.A.C.
    Lima
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  • 4.  RE: Risk assessments for equipment

    Posted 01-12-2023 10:45 AM
    Great question Luis!  The free solution standardizes on days but the premium version support hours, days, months, years.  Would recommend a quick calc in Excel to convert from hours to days unless analysis requirements require more granularity.  Feel free to connect with me directly with any other questions!

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    Joe Nichols
    Itus Digital
    Roanoke VA
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