Reliability Centered Maintenance (RCM) and Failure Modes and Effects Analysis (FMEA) methodologies evaluate the function of the asset, the failure modes and the consequence of asset failure. This approach allows for the definition of comprehensive maintenance, operational, and inventory strategies that balance costs and risks with overall production goals. By integrating these functions with the entire Strategy Development stage, Meridium RCM / FMEA further enables clients with strategy development capabilities that constantly evaluate the asset’s performance using data collected through standard processes within enterprise asset management (EAM) and condition/process monitoring systems. When strategy assumptions or performance parameters are deviated from, responsible parties can then be notified if the maintenance or operational strategy needs to change. Meridium RCM/FMEA follows the SAE JA1011 specification for RCM implementation and also provides a streamlined FMEA approach for less critical items.