Learn best practices for Implementing risk-based maintenance strategies to improve asset reliability and safety. Introduction to Risk-Based Maintenance and Its Importance in Enhancing Asset Reliability Risk-Based Maintenance (RBM) is a proactive maintenance strategy that aims to identify, assess, and prioritize risks associated with asset failures. By analyzing the probability and consequence of potential failures, organizations can optimize their maintenance efforts to target critical areas effectively. RBM is crucial in enhancing asset reliability as it allows for the allocation of resources where they are most needed, reducing downtime and overall maintenance costs. This tailored approach of RBM maximizes the operational lifespan of assets by focusing on specific needs and risks of each asset. Implementing RBM not only improves asset reliability but also enhances safety by mitigating the likelihood of unexpected failures that could pose risks to personnel and the environment...