How do you update and review your maintenance risk assessment periodically and after major changes?

1 Set a review schedule

Depending on the nature and complexity of your maintenance activities, you should set a regular review schedule for your MRA. This could be monthly, quarterly, annually, or based on a specific trigger, such as a change in legislation, technology, or customer demand. A review schedule helps you monitor the effectiveness of your MRA and identify any gaps, errors, or inconsistencies that may affect your maintenance decisions.

2 Involve relevant stakeholders

A successful MRA requires the input and feedback of various stakeholders, such as maintenance staff, managers, engineers, operators, contractors, suppliers, customers, and regulators. They can provide valuable information, insights, and perspectives on the risks and opportunities associated with your maintenance activities. You should involve them in the review process, either through meetings, surveys, interviews, or workshops, and ensure that they understand and agree on the objectives, methods, and outcomes of the MRA.

3 Use reliable data and tools

The quality and accuracy of your MRA depends largely on the data and tools you use to collect, analyze, and present the information. You should use reliable sources of data, such as maintenance records, performance indicators, incident reports, audits, inspections, and tests, to assess the condition, performance, and reliability of your assets, equipment, and processes. You should also use appropriate tools, such as risk matrices, fault tree analysis, failure mode and effects analysis, or risk-based maintenance software, to help you identify, quantify, and prioritize the risks and actions.

4 Document and communicate the results

The results of your MRA should be documented and communicated clearly and concisely to all relevant stakeholders. You should include the following elements in your MRA report: the scope, objectives, and methodology of the MRA; the risk identification, analysis, and evaluation process and criteria; the risk register and ranking; the risk treatment and mitigation strategies and actions; the roles and responsibilities of the stakeholders; and the review and update schedule and procedure. You should also use visual aids, such as charts, graphs, tables, or diagrams, to illustrate the results and recommendations.

5 Implement and monitor the actions

The final step of updating and reviewing your MRA is to implement and monitor the actions that you have identified and planned to address the risks and opportunities. You should assign clear roles and responsibilities to the stakeholders involved in the execution, supervision, and verification of the actions. You should also establish and track key performance indicators, such as availability, reliability, safety, quality, and cost, to measure the effectiveness and efficiency of the actions. You should also document and report any deviations, issues, or changes that may affect the MRA.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?