Analyze the Impact of Your Recommendation on the Cost, Risk, and Performance of the Business - Engineering Assignment Help

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Assignment Task

Imagine you are designing a fault-tolerant system applicable to a cooling water system of a processing plant. Using redundancies for pumps with a changeover control.  Draw a schematic block diagram of the asset you propose or for the cooling water system applicable to above scenario and explain what factors need to be considered in the design/ retrospective changes, if any for a cost effective solution to the function of the asset or circulation of cooling water.
Prepare a research based report with introduction, contribution, recommendation, Need to demonstrate collation and analysis of failures, maintenance record and reliability data.   
• Conduct a research on the failure types, data collection and analysis for key asset/s applicable to your organisation (present, past or future) and report findings along with recommendations. 
• Explain which tools (quantitative and qualitative along with mathematical expressions and step by step illustrative example/s using Excel and/ or any tool/software) and systems (documented, information system and other systems) are being used and anything else you want to propose/use and why? 
• What maintenance practices you recommend to be in place for tools and systems you selected/ proposed based on your scientific review and analysis. 
• Analyse the impact of your recommendation on the cost, risk and performance of the business?

 

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