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Managing Reliability in Real Time – The Risk Management Grid (RMG)
In a past article,1 I mentioned that in the world of reliability, risk can be defined as the probability of failure multiplied by the consequence(s) of failure. This simple definition should be a reliability team’s most important daily metric. In this editorial, a two-dimensional matrix is proposed that serves as a real-time moving picture of… Read More
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A New Look at Criticality Analysis for Machinery Lubrication
For any given machine, how critical is its reliability? What if it failed suddenly and catastrophically? What would be the consequences – lost production, expensive repairs, fatality? Criticality is the logical starting point for all reliability initiatives. Read More