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Viewing Risk Analyses for RCM2 Failure Modes

After you have assessed the failure modes in an analysis, you can compare failure modes and identify the relative importance of addressing them. The Risk Assessment view in the Strategy Development Analysis window includes charts based on severity and relative risk, a risk plot, risk matrix, and summaries. This view is also available for the asset.

Tip: You can also view risk assessments and risk matrix information for all failure modes on the site. On the Site window, select the Strategy Development view and tab, and then the Risk Assessment tab. To view an asset’s information, open the Asset window, and select the Risk Assessment view.

The tabs on the Risk Assessment view provide the following information.

Risk Assessment

On this tab, you can view the analysis’ assets by relative risk. Configurations are provided that list failure modes by relative risk, criticality, consequence priority, and so on. There are also summary charts for failure modes. Here is an example of assets by relative risk:

Criticality

This tab shows a summary chart of failure modes according to criticality. You can also select the “Failure mode list by consequence priority” configuration.

Risk Plot

This tab contains a plot of the failure modes based on their probability and severity. Click a risk plot in the table to view the failure modes. For example:

Severity and Relative Risk

These tabs display Pareto charts for the values. Here is an example of the Relative Risk tab:

Evaluations

This tab shows lists of failure modes for which probability, economic, health and safety, environmental, and/or reputation evaluations have been performed. Select the Evaluation Audit tab to view lists of failure modes for which evaluations have not been performed.

Explorer

This tab shows summaries and details about risk analysis results. The tree contains nodes for criticality, consequence priority, relative risk, and probability scores. Select a node to view summary information. Select an individual failure mode to view its risk matrix. This example shows the criticality summary for an analysis with five failure modes: