Risk and Reliability Engineering Training

Risk and Reliability Engineering Training covers the principals and techniques of risk and reliability analysis to develop the required skills by exercising practical tools. This training course focuses on the fundamental concepts and methodology of risk and reliability studies.

Learn About:
  • Fundamentals of risk and reliability engineering 
  • Risk management process 
  • Mathematics for risk analysis 
  • Basic probabilities & Combined probabilities. 
  • FTA/ETA/FMEA/FMECA/ HAZOP 
  • Systems modeling using Reliability Block Diagrams 
  • Quantitative reliability analysis 
  • Introduction to MCS 
  • Reliability, Availability, Maintainability (RAM) 
  • Risk control and decision support systems 
  • Failure consequences 
  • Introduction to stochastic modeling 
  • Insurance of engineering applications 
  • Risk analysis of big-projects 
  • Regulations/standards/ hazards assessment 
  • Asset integrity management 
  • Inspection and Structural Health Monitoring (SHM) 

Training Objective:
  • Decide which strategy is required to accomplish optimum performance and reliability 
  • Articulate the risk reduction model, connecting maintenance to these risks 
  • Explain the relationship between maintenance and safety, profitability, and asset life 
  • Understand several methods of component and system reliability and risk analysis 
  • Analyze risks as used to various engineering standards and their related outcomes and suggested ways to mitigate risk 
  • Evaluate risk both quantitatively and qualitatively 
  • Collect and analyze data to control risk and apply them in Risk Based Management 
  • Establish an organized information of the basis of risk management and reliability engineering, and a crucial knowledge of their usage on the associated engineering problems 
  • Assess and select the most suitable methodology for risk analysis (qualitative and quantitative), failure consequences analysis, and methods for control/mitigation through decision support systems and other techniques 
  • Derive a crucial and logical technique to the gathering and stochastic modeling of data to apply in the Quantitative Risk Assessment (QRA) methods 
  • Establish a thorough comprehension of the development and applying the standards and asset integrity management


Course Outline: 
  • Overview 
  • Introduction to Risk Analysis 
  • Structural Systems, Integral Reliability 
  • Statistics for Risk and Reliability Analysis 
  • Risk Control, Risk Based Maintenance Management 
  • Quantitative Reliability Assessment 
  • Empirical Reliability Analysis 
  • Principles of Production Processes Reliability Analysis 
  • Failure Consequences and Severity 
  • Principles of Financial Analysis 
  • Principles of Risk Analysis 
  • Risk Based Asset Economic Life Cycle Analysis 
  • Root Cause Analysis (RCA) 
  • Process Function 
  • Reliability-Centered Maintenance 
  • Improving Systems Effectiveness 
  • Regulations, Standards, Hazards Assessment 

Call us today at +1-972-665-9786. 

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