An intensive professional development training course on

Risk Based Approach to Asset Integrity

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Why Choose this Training Course?

The Structure

This comprehensive training course consists of two modules which can be booked as a 10-Day Training event, or as individual, 5-Day training courses.

Module 1 - Asset Integrity Management for the Petroleum Industry

Module 2 - Risk Reliability Management

The Course Content

Module 1: Asset Integrity Management for the Petroleum Industry
Day One: Asset Integrity Management
  • Introduction to concept of Asset Management& Asset Integrity Management
  • Asset Management Landscape process model
  • The Asset Management System – Asset Management Policy – Asset Management Strategy – (Strategic) Asset Management Plans – line of sight
  • Asset Management roles
  • International standard on Asset Management: ISO 55000
  • Certification
Day Two: Risk & Risk Assessment
  • Approaches Used for Asset Integrity Management
  • Identification & assessment of risk
  • Risk management: using the risk matrix, risk register & hazard log
  • Risk on business level, system level and asset level
  • Several methodologies on different levels
  • Contingency planning
Day Three: Risk Based Maintenance
  • Deterioration: the way assets could fail
  • The seven steps of Risk Based Maintenance (RBM) / Reliability Centred Maintenance (RCM) incl. Failure Mode Effects &Criticality Analysis
  • Failure behaviour of onshore & offshore systems
  • Choosing the right maintenance task
  • Risk Based Inspection
  • Practical application
Day Four: Life Cycle Management Aspects
  • Life cycle of an asset
  • Systems Engineering & RAMS specification
  • Operational workflow
  • Life time extension
  • Performance measurement / KPI’s
Day Five:The Way Forward: Improvement Plan Workshop
  • Assessment of current Asset Management performance (specific aspects)
  • Drawing up an improvement plan / individual improvement plans to optimize the cost/ benefits
Module 2: Risk Reliability Management
Day Six: Operational Context and Functional Analysis       
  • Plant/equipment decomposition
  • Criticality grading
  • Identify primary, secondary functions
  • Determine performance standards and quantify
  • Practical: Perform functional analysis
Day Seven: Failure Analysis
  • Failure modes
  • The concept of ‘reasonably likely’
  • Deterioration and damage mechanisms
  • Physical damage mechanism
  • Practical: Perform Failure Analysis
Day Eight: 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 Nine: 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 Ten: 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

The Certificate


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