This important new contribution to the field is written in language and style that engineers and managers alike can understand. It examines the role of maintenance in minimizing the risk of safety or environmental incidents, adverse publicity, and loss of profitability. It also discusses risk reduction tools and explains their applicability to specific situations, thereby helping readers select the tool that best fits their specific needs and circumstances. Bridging the gap between designers/maintainers and reliability engineers, this book is sure to help businesses utilize their assets more effectively, safely, and profitably.

It provides a risk reduction model; enables readers to make the link between maintenance and safety, profitability and asset life; examines risks during life cycle of a process plant; discusses high cost, high downtime maintenance activity; provides an in-depth look at qualitative and quantitative risks; includes table of codes; keeps math to a minimum and includes chapter previews, summaries, acronyms and glossary.