Failure modes and effects analysis (FMEA) activity helps to identify potential failure modes based on previous experiences with similar products or processes reducing development time and costs. It is widely used in manufacturing industries and service industry in various phases of the product life cycle. Failure modes are any errors or defects in a process, design, or item, especially those that affect the customer, and can be potential or actual. Failure Effects analysis helps to study the consequences of those failures.
FMEA Software analyses potential failure modes within a system for classification by the severity and likelihood of the failures.
Reliability-centered maintenance, often known as RCM, is a process to ensure that assets continue to do what their users require in their present operating context.It is generally used to achieve improvements in fields such as the establishment of safe minimum levels of maintenance, changes to operating procedures and strategies and the establishment of capital maintenance regimes and plans. Successful implementation of RCM will lead to increase in cost effectiveness, machine uptime, and a greater understanding of the level of risk that the organization is presently managing.
Our RCM product provides enormous capability.
Risk management tool identifies, assesses and prioritize the risks. It helps for economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events. Risk Management software is accomodated as per industry requirements such as Legal, Credit risk, Financial, natural causes and disasters in Oil and Gas industry, accidents in Manufacturing and Software Development Risks
The software accomodates Several risk management standards, Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
The strategies to manage risk include transferring the risk to another party, avoiding the risk, reducing the negative effect or probability of the risk, ov even accepting some or all of the consequences of a particular risk.
Risk mitigation measures are usually formulated as per designed risk mitigation plans.
Root Cause Analysis attempts to address, correct or eliminate root causes. By directing corrective measures at root causes, it is more probable that problem recurrence will be prevented. Root Cause Analysis Tool logs the failure incidents along with various details observed during the event.
Root cause of the failures is found by collecting and analyzing various details of the failures caused in the systems. This tool directs to the root causes that have caused major loss in terms of cost.
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