The unexpected failures, the down time associated with such failures, the loss of production and, the higher maintenance costs are major problems in any process plant. Risk-based maintenance (RBM) approach helps in designing an alternative strategy to minimize the risk resulting from breakdowns or failures. Adapting a risk-based maintenance strategy is essential in developing cost-effective maintenance policies.
One of the specific responsibilities of the Bureau of Strategic planning is the implementation of the principles of the results-based management (RBM) approach in programming, monitoring and reporting.
“RBM is a participatory and team-based management approach to programme planning hat focuses on performance and achieving results and impacts. It is designed to improve programme delivery and strengthen managementeffectiveness, efficiency and accountability.”