Explain the reliability centred maintenance approach, Strategic Management

Assignment Help:

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.


Related Discussions:- Explain the reliability centred maintenance approach

UPD manufacturing, Would you recommend changing to the optimal order interv...

Would you recommend changing to the optimal order interval?

Strategy and employee performance, Select an existing business that aligns ...

Select an existing business that aligns their business strategy with employee performance. You may also use your own company. Consider the effect this alignment has had on sustaini

Effect of globalization in management of an organization, The following ess...

The following essay will discuss how the popular trend of globalization is affecting the communication style and management of an organization. There will be explanations provided

Assessing the suitability of a strategy concerns, Whether, a strategy addre...

Whether, a strategy addresses the circumstances in which an company is operating

Presentation on data requirements for the environment, Consider the Chester...

Consider the Chester River Health System (CRHS) Strategic Planning example. Taking information only from these two sources into account, formulate an Environmental Assessment of CR

Benefit in a global market, 1.  Execute an e-strategy in an organisation. ...

1.  Execute an e-strategy in an organisation. 2.  Develop processes to monitor the execution of an e-strategy in an organisation. 3.  Assess how an e-strategy contributes to

Describe a differentiation strategy, The provision of services or products...

The provision of services or products that offer advantages different from those of competitors and that are widely valued by purchasers.

CompXM, The statement of cash flows for Baldwin Company shows what happens ...

The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summary of the sources and uses of cash (sources of cash

Calculate the earnings per share, Q. Calculate the Earnings per share? ...

Q. Calculate the Earnings per share? EPS = Profit available to ordinary shareholders (PAT)/Weighted average number of shares in issue (Pence per share) This ratio shows t

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd