Root Cause Analysis (RCA) is an essential element in any asset management program because a structured approach provides the best opportunity of getting to core issues rather than ineffectively treating symptoms. Remember too that RCAs are not just limited to equipment failures. The international risk standard, ISO 31010, cites RCA applicability to business processes and safety in addition to equipment failures and near-misses.
JD Solomon will discuss this important topic on Thursday, October 14, 2021, at the North American Conference of the Institute of Asset Management (IAM). Registration information can be found at https://theiam.org/events/iam-north-american-conference-2021/
Case examples related to a utility billing system, a 20 MW power generating unit, and a trend of commercial air handling unit failures. This session provides basic concepts, formats of different approaches, and our "go-to" 5-step process for performing practical RCAs.