Course Modules - Reliability Engineering and Asset Risk Management
Module Leader
Dr Shaomin Wu
Aim
To provide the knowledge and skills necessary to calculate values of reliability and risk of components, systems and processes used offshore.
Syllabus
- Advanced reliability prediction techniques: stress-strength interference modelling stochastic design principles, component reliability, ‘burn-in’, application of FMECA and FTA in design. Bayesian estimation, design reviews
- Maintainability/Availability: renewal theory, planned maintenance. Age and block maintenance, Glasser’s charts. Availability simulation
- Project Risk Management, Financial Risk Management and Asset Risk Management: Concepts of risk, safety, health, assets and loss. Principles and best practice. Risk management in business, reduction and control. Legal aspects, EC and UK legislation
Intended Learning Outcomes
On successful completion of this module the student will be able to:
1. Posses a knowledge of the risk management techniques and strategies used in offshore organisations
2. Understand the financial implications involved with assessing the maintenance and risk factors of offshore projects
