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This is second of 2-part episode of the Rooted in Reliability podcast which will give you a detailed insight about where to start with the asset management and then how to take it all the way out. Firstly you really need to understand this concept completely that what’s and what’s not the asset management. The first episode covers the Asset Management and the role of ISO 55000 in it.
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This episode of the weekly podcast covers the Asset Management and the role of ISO 55000 in it. First of all asset management covers the entire life cycle of the equipment or any asset being used by the organization and you need to make sure that nothing goes during this whole process to do it effectively.
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This episode of the weekly podcast discusses the basics of Weibull analysis and distribution technique. By using it you can precisely calculate the probability of failures through a statistical analysis of the failure data. As it is a statistical way of calculating the failure rate and getting an idea about the downtime and life of the equipment, it needs data.
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