The Simple Benefits of RCM Asset Management

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Asset integrity

The benefits of RCM asset management are simple. Properly implemented, a reliability-centered maintenance program can improve system operations by taking routine care of all of its working parts in tandem. Just as every system is made up of small parts that make the entire operation stronger as a whole, RCM asset management includes several outcome objectives that, together, make for a better system overall.

  • Safety: One of the primary features of RCM design is a comprehensive understanding of present and future possible risks involved in the systems operations. In the oil and gas industry, for example, 45% of people surveyed had no idea how many security events transpired within the past 12 months, and 50% of those did not understand the nature of such events. Safety protections start with understanding the risks involved.
  • Uptime: Following through on the RCM process involves routine maintenance to parts before a failure has time to occur. These small interruptions will actually help minimize machine downtime and help keep the system working the way it should.
  • Longevity: Those same maintenance procedures can also extend the longevity of machines and operating parts. Many oil refineries today are able to perform well into old age, some even beyond their anticipated lifespan. Some facilities built in the 1960s are now approaching their 50th anniversaries, thanks to RCM asset management.
  • Cost Efficiency: All of these factors together add up to a more cost-efficient operating system. Longer-lasting parts means fewer replacements. More uptime means increased production volumes. An understanding of risks leads to fewer accidents or employee mishaps. All told, these benefits can add up to substantial savings on operating systems in any kind of industry.

RCM is an asset engineering-driven approach that involves careful assessment and risk based inspections, dependent on the type of industry. Some of the international standards include API RP 580 and 581 in the petroleum industry; ASME PCC-3 in mechanical processes; and RIMAP for risk certification.

When it comes to the safety, longevity, and cost-efficiency of your operation, cutting corners simply won’t cut it. With a properly facilitated schedule, RCM can provide big benefits to any kind of operation system, large or small.

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