According to RCM, what should be considered in the failure management selection process?

In the context of Reliability-Centered Maintenance (RCM), the selection process for failure management is fundamentally informed by understanding the conditional probability of failures and their age. This focus is crucial because it enables the identification of failure patterns and their potential implications for asset performance.

Considering the conditional probability of failures allows engineers and maintenance professionals to estimate the likelihood of failures occurring at specific times or under certain operational conditions. Incorporating the age of assets into this assessment helps to delineate how the failure risk escalates as components age and evolve through their lifecycle.

These factors together provide a robust framework for prioritizing maintenance efforts, allowing organizations to allocate resources effectively and mitigate potential failures that could lead to significant unplanned downtime or safety issues. By grasping the likelihood of failures in conjunction with asset aging, practitioners can make informed decisions that optimize reliability and overall asset performance.