top of page

Asset Metrology: Data-Driven Availability & Risk Analysis

Scatter plot of cost versus risk with availability frontier curve.

Asset Metrology: Data-Driven Availability & Risk Analysis

Location
MITC 1003
Duration
Online / In-class
5 Days

Sector:

Cross-Industry – Leadership & Strategy

Technical Focus Area: 

Strategy & Planning (STRAT)

About the Course

Leading plants don’t guess—they model. This course shows how to turn failure data into confident decisions about maintenance strategy, crew sizing, spare parts policies, inspection intervals, and the repair/replace threshold. You’ll learn to quantify risk, consequence, and remaining life (via RBI and FFS), then connect those insights to economic levers (downtime cost, OPEX/CAPEX, cash flow) in a practical CMMS-enabled workflow.
Through hands-on exercises, you’ll analyze failure distributions, build risk matrices, optimize PM/PdM mixes, and size inventories and crews for maximum availability. The result is a transparent, defensible playbook that aligns safety objectives with profitability—so your teams act early, spend wisely, and extend asset life.

Learning Milestones

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

- Identify dominant failure modes/mechanisms and their impact on reliability and cost.
- Apply FMEA and Weibull analysis (incl. censored/3-parameter fits) to real failure data.
- Quantify the business value of PM/PdM using availability and downtime economics.
- Optimize PM/PdM content, intervals, and inspection scope using RBI principles.
- Perform FFS screening to support run/repair/replace decisions.
- Determine optimal spare parts levels and preservation using demand/risk models.
- Right-size maintenance crews and structure using workload and readiness metrics.
- Build repair/replace financial cases (LCC, NPV, payback, risk sensitivity).
- Integrate decisions into CMMS with KPIs, governance, and continuous improvement.

Professional Audience

- Operations, Technical Production, and Service Professionals
- Maintenance & Reliability Engineers/Technicians
- Inspection/Integrity & Risk Analysts
- Project/Turnaround and Asset Managers
- Supervisors responsible for metering, regulation, and precision measurements

Modular Syllabus

Asset Management Foundations & Failure Analysis

- Physical Asset Management overview; PM/PdM paradigm and decision flow

- Failure behavior: infant mortality, random, wear-out; six patterns in practice

- FMEA structure: functions, functional failures, failure modes, effects, criticality

- Weibull analysis: 2- and 3-parameter fits, censored data, KS goodness-of-fit

- MTBF/MTTR, inherent vs. achieved availability; bad-actor analysis

- Linking physics of failure to detectable symptoms (PdM channels)

- **Activity/Workshop:** FMEA + Weibull on a pump/compressor dataset; identify leverage points

Course Dates & Prices

Picture
Location
Date
Price
Enroll to the Course
Online
09/03/2026
1499 $
Enroll
London (UK)
09/03/2026
4099 $
Enroll
Dubai (UAE)
09/03/2026
3799 $
Enroll
Online
16/03/2026
1499 $
Enroll
Dubai (UAE)
16/03/2026
3799 $
Enroll
Online
23/03/2026
1499 $
Enroll
Kuala Lumpur (Malaysia)
23/03/2026
4199 $
Enroll
Doha (Qatar)
23/03/2026
3799 $
Enroll
Kuala Lumpur (Malaysia)
30/03/2026
4199 $
Enroll
Online
30/03/2026
1499 $
Enroll
Dubai (UAE)
06/04/2026
3799 $
Enroll
Istanbul (Turkey)
06/04/2026
3699 $
Enroll
Online
06/04/2026
1499 $
Enroll
Dubai (UAE)
13/04/2026
3799 $
Enroll
Cairo (Egypt)
13/04/2026
3699 $
Enroll
Online
20/04/2026
1499 $
Enroll
Dubai (UAE)
27/04/2026
3799 $
Enroll
Online
27/04/2026
1499 $
Enroll
London (UK)
27/04/2026
4099 $
Enroll
Istanbul (Turkey)
04/05/2026
3699 $
Enroll
Dubai (UAE)
04/05/2026
3799 $
Enroll
Kuala Lumpur (Malaysia)
11/05/2026
4199 $
Enroll
Online
11/05/2026
1499 $
Enroll
Doha (Qatar)
11/05/2026
3799 $
Enroll
Online
18/05/2026
1499 $
Enroll
Dubai (UAE)
18/05/2026
3799 $
Enroll
Dubai (UAE)
25/05/2026
3799 $
Enroll
Online
25/05/2026
1499 $
Enroll
Dubai (UAE)
01/06/2026
3799 $
Enroll
Cairo (Egypt)
01/06/2026
3699 $
Enroll
Online
01/06/2026
1499 $
Enroll
Online
08/06/2026
1499 $
Enroll
Muscat (Oman)
08/06/2026
3799 $
Enroll
Dubai (UAE)
08/06/2026
3799 $
Enroll
Muscat (Oman)
15/06/2026
3799 $
Enroll
Online
15/06/2026
1499 $
Enroll
Online
22/06/2026
1499 $
Enroll
Dubai (UAE)
22/06/2026
3799 $
Enroll
Online
29/06/2026
1499 $
Enroll
Online
06/07/2026
1499 $
Enroll
Istanbul (Turkey)
06/07/2026
3699 $
Enroll
London (UK)
06/07/2026
4099 $
Enroll
Online
13/07/2026
1499 $
Enroll
Dubai (UAE)
13/07/2026
3799 $
Enroll
Dubai (UAE)
13/07/2026
3799 $
Enroll
Kuala Lumpur (Malaysia)
20/07/2026
4199 $
Enroll
Online
20/07/2026
1499 $
Enroll
Doha (Qatar)
20/07/2026
3799 $
Enroll
Kuala Lumpur (Malaysia)
27/07/2026
4099 $
Enroll
Dubai (UAE)
27/07/2026
3799 $
Enroll
Istanbul (Turkey)
27/07/2026
3699 $
Enroll
Online
27/07/2026
1499 $
Enroll
Online
03/08/2026
1499 $
Enroll
Cairo (Egypt)
03/08/2026
3699 $
Enroll
Dubai (UAE)
03/08/2026
3799$
Enroll
Dubai (UAE)
10/08/2026
3799 $
Enroll
Istanbul (Turkey)
10/08/2026
3699 $
Enroll
Online
10/08/2026
1499 $
Enroll
Online
17/08/2026
1499 $
Enroll
Dubai (UAE)
17/08/2026
3799 $
Enroll
Cairo (Egypt)
17/08/2026
3699 $
Enroll
Online
24/08/2026
1499 $
Enroll
Dubai (UAE)
24/08/2026
3799$
Enroll
Online
31/08/2026
1499 $
Enroll
London (UK)
31/08/2026
4099 $
Enroll
Istanbul (Turkey)
31/08/2026
3699 $
Enroll
Dubai (UAE)
31/08/2026
3799 $
Enroll
Online
07/09/2026
1499 $
Enroll
Doha (Qatar)
07/09/2026
3799 $
Enroll
Kuala Lumpur (Malaysia)
07/09/2026
4199 $
Enroll
Dubai (UAE)
14/09/2026
3799 $
Enroll
Online
14/09/2026
1499 $
Enroll
Dubai (UAE)
21/09/2026
3799 $
Enroll
Online
21/09/2026
1499 $
Enroll
Cairo (Egypt)
28/09/2026
3699 $
Enroll
Online
28/09/2026
1499 $
Enroll
Dubai (UAE)
28/09/2026
3799 $
Enroll
Muscat (Oman)
05/10/2026
3799 $
Enroll
Istanbul (Turkey)
05/10/2026
3699 $
Enroll
Online
05/10/2026
1499 $
Enroll
Online
12/10/2026
1499 $
Enroll
Dubai (UAE)
12/10/2026
3799 $
Enroll
Cairo (Egypt)
12/10/2026
3699 $
Enroll
Online
19/10/2026
1499 $
Enroll
Dubai (UAE)
19/10/2026
3799 $
Enroll
Online
26/10/2026
1499 $
Enroll
London (UK)
26/10/2026
4099 $
Enroll
Istanbul (Turkey)
26/10/2026
3699 $
Enroll
Doha (Qatar)
02/11/2026
3799 $
Enroll
Online
02/11/2026
1499 $
Enroll
Kuala Lumpur (Malaysia)
02/11/2026
4199 $
Enroll
Dubai (UAE)
02/11/2026
3799 $
Enroll
Dubai (UAE)
09/11/2026
3799 $
Enroll
Online
09/11/2026
1499 $
Enroll
Online
16/11/2026
1499 $
Enroll
Dubai (UAE)
16/11/2026
3799 $
Enroll
Dubai (UAE)
23/11/2026
3799 $
Enroll
Cairo (Egypt)
23/11/2026
3699 $
Enroll
Online
23/11/2026
1499 $
Enroll
London (UK)
30/11/2026
4099 $
Enroll
Doha (Qatar)
30/11/2026
3799 $
Enroll
Dubai (UAE)
30/11/2026
3799 $
Enroll
Muscat (Oman)
30/11/2026
3799 $
Enroll
Dubai (UAE)
07/12/2026
3799 $
Enroll
Online
07/12/2026
1499 $
Enroll
Online
14/12/2026
1499 $
Enroll
Kuala Lumpur (Malaysia)
14/12/2026
4199 $
Enroll
Doha (Qatar)
14/12/2026
3799 $
Enroll
Dubai (UAE)
14/12/2026
3799$
Enroll
Istanbul (Turkey)
21/12/2026
3699 $
Enroll
Kuala Lumpur (Malaysia)
21/12/2026
4199 $
Enroll
Cairo (Egypt)
21/12/2026
3699 $
Enroll
Dubai (UAE)
21/12/2026
3799 $
Enroll
Online
21/12/2026
1499 $
Enroll
Online
28/12/2026
1499 $
Enroll
Dubai (UAE)
28/12/2026
3799 $
Enroll
London (UK)
28/12/2026
4099 $
Enroll
Istanbul (Turkey)
28/12/2026
3699 $
Enroll
Cairo (Egypt)
28/12/2026
3699 $
Enroll
bottom of page