APM analytical methods
The main analytical methods used in the asset performance management solution are:
- Risk based inspection (RBI)
- Reliability-centered maintenance (RCM)
- Performance forecasting / operational forecasting
- Safety integrity level (SIL)
- Quantitative risk analysis (QRA)
- Hazard and consequence analysis
- Integrity operating window (IOW)
Some of these methods can be implemented using a qualitative approach. As companies evolve in their process of collecting and treating data, they tend to move to a quantitative approach.