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Glossary

Get Your Maintenance Management Terminology Down!

Risk-Based Maintenance (RBM)

Risk-Based Maintenance (RBM) is a maintenance strategy that uses risk assessment to prioritize maintenance activities and optimize maintenance resources. It focuses on identifying and mitigating potential risks to equipment and systems before they cause a breakdown. RBM uses data-driven analysis to identify and prioritize maintenance tasks based on the potential risk of failure, the cost of repair, and the cost of downtime. This approach helps to ensure that maintenance resources are used efficiently and that the most critical assets are maintained in a timely manner. RBM is an important part of any maintenance operations and management strategy, as it helps to reduce the risk of unexpected downtime and costly repairs.

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Our Blogs

With a quick Google search for “preventive maintenance software,” you’ll quickly find ...

23 Nov 2023

US manufacturing is making a coming back. McKinsey's research reported that, by ...

16 Nov 2023

Traditionally, maintenance tasks were often managed using paper-and-pen, relying on ...

15 Nov 2023

Maintenance, Repair, and Overhaul (MRO) ensures the optimal functioning and longevity of ...

10 Nov 2023

From manufacturing plants and healthcare facilities to transportation services, equipment ...

9 Nov 2023

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6 Nov 2023

Maintenance and facility management functions are not just about preserving assets and ...

3 Nov 2023

There is much to consider when purchasing a Computerized Maintenance Management System ...

1 Nov 2023

Introduction Despite the growth in the Computerized Maintenance Management Software ...

26 Oct 2023

Facility management plays an important role in ensuring that organizations' ...

25 Oct 2023