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Question:
(a) The prevailing business environment is continuously changing with respect to the emerging complexities in the development and use of new equipment, technologies and infrastructures. The maintenance functions are faced with numerous challenges and practitioners are increasingly adopting Reliability Centred Maintenance (RCM) and Failure Mode and Effect Analysis (FMEA) to maintain the requirements of machinery in a defined operating context.
i. Explain the Reliability Centred Maintenance approach ii. Briefly elaborate on the underlying principles iii. Explain the process related FMEA
(b) The Strategic Corrosion Management Audit is an assessment, Review and Presentation package tailored specifically to a company needs and also considers the current ‘external corrosion management philosophy'. An effective audit can help to minimise maintenance cost reductions of 5% to 85% over the life-time of a plant. Briefly elaborate on the steps for a Strategic Corrosion Management.
Question 1 Explain the Portfolio Approach to Strategic Analysis and discuss its limitations. Question 2 Write short notes on each of the following (questions carry equa
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