Development of a risk-based maintenance (RBM) strategy for a power-generating plant

Abstract

Abstract The unexpected failures, the down time associated with such failures, the loss of production and, the higher maintenance costs are major problems in any process plant. Risk-based maintenance (RBM) approach helps in designing an alternative strategy to minimize the risk resulting from breakdowns or failures. Adapting a risk-based maintenance strategy is essential in developing cost-effective maintenance policies. The RBM methodology is comprised of four modules: identification of the scope, risk assessment, risk evaluation, and maintenance planning. Using this methodology, one is able to estimate risk caused by the unexpected failure as a function of the probability and the consequence of failure. Critical equipment can be identified based on the level of risk and a pre-selected acceptable level of risk. Maintenance of equipment is prioritized based on the risk, which helps in reducing the overall risk of the plant. The case study of a power-generating unit in the Holyrood thermal power generation plant is used to illustrate the methodology. Results indicate that the methodology is successful in identifying the critical equipment and in reducing the risk of resulting from the failure of the equipment. Risk reduction is achieved through the adoption of a maintenance plan which not only increases the reliability of the equipment but also reduces the cost of maintenance including the cost of failure.