Assessment Methods

There are different engineering practices and methodologies that aim to aid in the management of assets, improvement of their performance, mitigation of risk, and the optimization of costs. These methodologies vary along the spectrum of fully qualitative to fully quantitative and may require generalized or highly detailed data in order to yield a result. Currently, Newton RDMS implements Risk Based Inspection (RBI) and Maintenance Optimization (MO) analysis methods, allowing users to create and run models for either type.