Course Finder
2026 Classroom Training Courses 2026 Online Training Courses 2027 Classroom Training Courses 2027 OnlineTraining Courses
In-House Training About Us
An Intensive Professional
Development Training Course on

Risk Reliability Management

Strengthening Asset Performance Through Risk-Based Reliability Strategies

Course Options

How would you like to proceed?

Need a tailored solution or group booking discount? Contact our course advisors.

Why Choose Us

Risk Reliability Management Training Course equips professionals with the essential skills to manage asset risks and ensure dependable operations in today’s demanding industrial environment. Organisations are under increasing pressure to meet performance targets, comply with stringent regulations, and minimise operational losses. This course provides a structured framework to transition from traditional maintenance practices to a proactive, risk-based reliability approach. By implementing these techniques, participants can improve asset availability, reduce maintenance costs, and strengthen system integrity throughout the asset life cycle.

Modern industries face highly complex systems, lean production demands, and heightened safety and environmental expectations. Success now requires informed decision-making based on precise risk identification, functional analysis, and targeted maintenance planning. This training course teaches participants how to assess system vulnerabilities, set performance standards, and select optimal maintenance tactics aligned with organisational goals.

By blending theory with hands-on practical applications, the course empowers professionals to make decisions that enhance operational reliability, minimise downtime, and boost long-term asset performance. Participants gain confidence in applying risk-based tools that improve safety, extend equipment life, and deliver measurable returns on investment.

Why Choose Risk Reliability Management
Course Goals

What are the Goals?

This training course provides a practical, structured approach to improving asset reliability and optimising maintenance strategies using risk-based techniques. Participants will develop the skills to implement sustainable improvements that support operational excellence.

By the end of this course, participants will be able to:

  • Select critical systems and assets for reliability and risk improvement initiatives
  • Identify key system functions and define appropriate performance standards
  • Predict potential failed states, failure modes, and deterioration mechanisms
  • Apply effective maintenance tactics that reduce risk and enhance asset reliability
  • Implement team-based methodologies to achieve lasting reliability improvements
  • Analyse operational and financial risks, including safety, health, and environmental impacts

Who is this Training Course for?

This Risk Reliability Management Training Course is ideal for professionals responsible for ensuring operational performance, asset integrity, and effective maintenance planning in industrial settings.

The course is highly beneficial for:

  • Reliability Engineers and specialists focused on risk-based asset management
  • Maintenance Engineers and Supervisors overseeing day-to-day equipment performance
  • Maintenance Planners coordinating and optimising maintenance schedules
  • Reliability Inspectors evaluating equipment condition and long-term reliability
  • Team Leaders and Managers accountable for physical asset performance
  • Professionals seeking to develop structured approaches for reliability improvement
Learning Approach

How will this Training Course be Presented?

The course delivers an engaging, practice-oriented learning experience designed to build technical expertise and confidence. Participants engage in guided discussions, hands-on exercises, and case studies that simulate real industrial scenarios. Each session incorporates practical examples demonstrating the application of risk-based reliability principles in operational contexts.

Interactive group activities allow participants to analyse system functions, evaluate failure modes, and choose suitable maintenance strategies. The instructor provides targeted guidance throughout, ensuring participants can effectively apply concepts to their own operational environments.

  • Facilitated exercises and real-world case studies
  • Group discussions to encourage problem-solving and collaboration
  • Practical tools for system analysis, failure prediction, and maintenance planning
  • Guidance on implementing risk-based reliability improvements in the workplace

By the end of the course, participants are fully equipped to integrate risk-reliability methods into their organisation’s maintenance and asset management strategies.

The Course Content

Operational Context and Functional Analysis

  • Plant/equipment decomposition
  • Criticality grading
  • Identify primary, secondary functions
  • Determine performance standards and quantify
  • Practical: Perform functional analysis

Failure Analysis

  • Failure modes
  • The concept of ‘reasonably likely’
  • Deterioration and damage mechanisms
  • Physical damage mechanism
  • Practical: Perform Failure Analysis

Failure Effects, Consequences, Probability and Risk

  • Operational and financial risks
  • Safety, health and environmental consequences
  • Hidden failure consequences
  • Practical: Perform Risk Analysis
  • The six failure probability density curves

Risk-based Maintenance Tactics

  • Tactic decision diagram
  • Types of preventive maintenance tactics and how to select appropriate intervals
  • Types of condition-based maintenance tactics how to determine the PF interval
  • Function testing and failure finding and how to determine the interval
  • Practical: Select and define appropriate maintenance tactics

Implement Risk-based Reliability Management

  • The role of the facilitator
  • Selecting and setting up the review projects
  • Auditing the decision making
  • Implementing the results
  • Post course assessment
Recognition

Certificate

  • • Wallstreet Development Academy Certificate of Completion for delegates who attend and complete the training course.
Collaborations

In Partnership With

Anderson Copex Coventry