Reliability Engineering, Risk & Productivity

Optimize asset performance and minimize risk with a custom RBAM^® strategy

LCE’s Risk-Based Asset Management (RBAM^®) methodology integrates risk management, standard work practices, and condition-based maintenance and helps you focus your resources on your most critical processes. This approach establishes controls and utilizes reliability analysis for continuous improvement.

Our proven strategy includes cataloging asset attributes, creating functional hierarchies, conducting criticality and failure analyses, and developing control plans to safeguard assets while optimizing operational performance. Our asset functional hierarchy (taxonomy) approach follows the ISO 14224 standard, adapted to your organization.

Apply Reliability Centered Maintenance (RCM) strategies to ensure critical assets maintain functionality

Without optimized operations and maintenance tasks, your most critical assets might not be getting the attention they need. Our experts apply reliability centered maintenance principles at any stage of your asset’s life cycle, from concept to design to or operation. We collaborate to identify priority assets, gather relevant data, and conduct field inspections.

We can execute this work alone or work with your team to establish risk rankings, create a detailed FMEA with mitigation strategies, and deliver a final report with clear, actionable maintenance plans based on the IEC 60812 standard.

Drive asset value with expert mentoring in RCM, loss elimination, maintenance planning and risk management

Our approach to reliability engineering focuses on optimizing maintenance processes to minimize downtime and enhance reliability. We work collaboratively with your team to systematically identify and address root causes of production losses, ensuring consistent output.

We integrate failure mode-based maintenance plans to target specific equipment vulnerabilities, reducing the likelihood of breakdowns and extending asset life. Incorporating total cost of ownership in capital projects safeguards long-term value while actively managing risks that could impact operational continuity and performance.

Start a capital project with operational excellence

Let our Operational Readiness experts help you deploy capital effectively, optimizing total cost of ownership from concept to disposal. We identify risks early, create integrated schedules to track progress, and use a structured checkpoint process to ensure your project is ready for a successful startup.

Our capital project services include:

• Operational Risk Assessment: Identify risks from design to steady-state operations, enabling strategic, cost-effective mitigations.
• Integrated Master Schedule (IMS): A unified tool for planning, executing, and tracking project activities.
• Checkpoint Process: A structured roadmap to identify, remedy, and validate deliverables for project startup readiness.
• Reliability and maintenance integration into the project management and asset delivery processes.

Guide maintenance and resource decisions with Asset Criticality Assessment

Our reliability experts analyze assets by impact and risk to enhance decision-making, optimize maintenance for critical assets, and reduce costs. They define plant-specific criteria, gather relevant asset data, and create a framework for continued equipment master data analysis, all while training your team on the assessment process. Following the assessment, our experts compile a criticality listing and submit a final report for easy integration into your database.

Equipment and maintenance master data includes manufacturer, model, serial number, critical spare parts, non-stock spare parts, instrument calibration points and many other parameters. LCE has developed templates for efficient upload of master data to most common CMMS platforms including SAP PM.