Track 3 Session 5
9:10 to 10:10 a.m. Wednesday June 18, 2008

RCM and Risk Management

Management is imminently concerned with minimizing the risks associated with their enterprises, while maximizing their profits or asset availability. RCM is a proactive means of protecting their assets through a reasoned and practical maintenance management strategy; however these efforts may frequently fail to realize their potential. The answers may not readily translate into real management decisions or there may be so many recommendations that prioritizing them is very difficult. This presentation proposes a practical solution to this dilemma.

Key Words: RCM, Risk Management, Quantitative and Qualitative Risk Approaches, Risk Tool Development