FREE CRE Risk Management & Maintenance Questions and Answers
Which tool is commonly used for risk assessment in reliability engineering?
Failure Modes and Effects Analysis (FMEA) is widely used to systematically evaluate and prioritize potential risks in a system.
Why is preventive maintenance important in reliability engineering?
Preventive maintenance helps reduce unplanned failures by performing routine inspections and servicing before breakdowns occur.
What is a key characteristic of predictive maintenance?
Predictive maintenance relies on data analysis and condition monitoring to anticipate failures before they happen.
What is the purpose of a risk matrix in risk management?
A risk matrix helps classify and prioritize risks based on their likelihood and impact, guiding decision-making in maintenance planning.
What is the primary objective of risk management in reliability engineering?
Risk management aims to identify, assess, and mitigate potential failures that could impact system performance and safety.
How does risk-based maintenance (RBM) differ from other maintenance strategies?
RBM prioritizes maintenance activities based on the likelihood and consequences of failure, optimizing resources for high-risk areas.