Risk Reliability Management

Upcoming Sessions

Classroom sessions
Online sessions

Course Introduction

This Risk Reliability Management training course provides participants with the core skills needed to commission, assess, review, and implement a risk-based reliability strategy. The main goal is to help organizations strengthen asset reliability, reduce maintenance costs, and maintain high safety and environmental standards across the asset lifecycle.

In today’s industrial environment, risk management has become an essential responsibility for utility and asset professionals. With growing pressure from stakeholders to improve returns, from customers to enhance service quality, and from society to meet safety and environmental expectations, traditional maintenance methods are no longer sufficient. This course guides organizations in transitioning to a strategic risk-based maintenance approach that supports long-term performance and reliability.

This Risk Reliability Management training course will cover:

  • How maintenance objectives have shifted over the last two decades from prevention-based to risk-based strategies
  • Why larger, more complex systems increase potential losses and require new maintenance tactics
  • How lean operations with reduced inventories demand higher reliability standards
  • Why society now expects stronger safety and environmental responsibility from organizations
  • How participants can overcome these challenges by applying the tools and techniques taught in this course

Objectives

By the end of this Risk Reliability Management training course, participants will be able to:

  • Select systems that require reliability and risk improvement
  • Identify system functions and set appropriate performance standards
  • Predict failed states, failure modes, and damage mechanisms
  • Apply maintenance tactics to reduce risk and improve reliability
  • Implement a team-based approach for sustainable risk and reliability improvement

Participants will leave with the ability to assess operational risks, improve system performance, and apply structured reliability management methods. This training ensures that learners can translate theory into practical actions, leading to measurable improvements in asset reliability and safety. By mastering risk-based techniques, participants will be equipped to support strategic maintenance planning and achieve more reliable and cost-effective asset operations.

Training Methodology

This Risk Reliability Management training course uses proven adult learning methods to maximize understanding and knowledge retention. The course is delivered through a mix of direct instruction, interactive discussions, and practical exercises, ensuring learners remain engaged and fully comprehend the material.

A key feature of the course is hands-on practice using real-life case studies. Participants will work individually and in groups to apply the techniques and processes being taught, ensuring they can transfer learning to their workplace environment. The interactive approach enables participants to build confidence in conducting risk and reliability analysis, improving decision-making and maintenance planning in real operational contexts.

Who Should Attend?

This Risk Reliability Management training course is designed for professionals involved in asset performance, reliability, and maintenance management. It is especially beneficial for those responsible for ensuring operational integrity and improving equipment performance in complex industrial environments.

This course will greatly benefit:

  • Reliability Engineers
  • Maintenance Engineers
  • Maintenance Supervisors
  • Maintenance Planners
  • Reliability Inspectors
  • Team Leaders/Managers responsible for physical asset reliability and integrity

Course Outline

Day 1: Operational Context and Functional Analysis

  • Plant/equipment decomposition
  • Criticality grading
  • Identify primary, secondary functions
  • Determine performance standards and quantify
  • Practical: Perform functional analysis

Day 2: Failure Analysis

  • Failure modes
  • The concept of ‘reasonably likely’
  • Deterioration and damage mechanisms
  • Physical damage mechanism
  • Practical: Perform Failure Analysis

Day 3: Failure Effects, Consequences, Probability and Risk

  • Operational and financial risks
  • Safety, health and environmental consequences
  • Hidden failure consequences
  • Practical: Perform Risk Analysis
  • The six failure probability density curves

Day 4: Risk-based Maintenance Tactics

  • Tactic decision diagram
  • Types of preventive maintenance tactics and how to select appropriate intervals
  • Types of condition-based maintenance tactics how to determine the PF interval
  • Function testing and failure finding and how to determine the interval
  • Practical: Select and define appropriate maintenance tactics

Day 5: Implement Risk-based Reliability Management

  • The role of the facilitator
  • Selecting and setting up the review projects
  • Auditing the decision making
  • Implementing the results
  • Post course assessment

Providers and Associations

Anderson
Aztech Training
Coventry

Certificate

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Categories

Facilities & Asset Management Maintenance Management

Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

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Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

Enquiry

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At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.

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