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Asset Management involves extracting value for the owners and users of physical assets throughout their entire life cycle. Decisions made in design impact on the performance, operability, reliability, and maintainability of physical assets. Get it wrong and life cycle costs can be high. Making changes later in the asset life cycle, say after it is built, or after it has been operating for some time, is difficult and costly, often impractical. ...

The reliability of your production and service delivery assets is key to lowering your operating costs, maximizing your revenue stream, and increasing profit margins. Often considered a function of your maintainers, reliability is quite often poorly understood. Reliability is an attribute of the physical design of those assets that can be achieved and sustained if managed well. Maintenance engineers and reliability engineers are usually task...