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All Glossary Terms

Risk

Maintenance definition:

Risk in maintenance management refers to the potential for loss or negative outcomes resulting from equipment failure, operational disruptions, or maintenance activities. Identifying, assessing, and managing risk are essential components of maintenance planning, aiming to mitigate potential impacts on safety, performance, and costs. Risk-based maintenance strategies prioritize maintenance activities based on the assessed risk to optimize resource allocation.

Our 30-day, risk free trial is only $199.

AssetWatch customers save on average 8x in ROI. That means for every $1 you give us, we give $8 back to you.

Includes professional installation of up to 200 sensors (a $10k+ value)

24/7 monitoring and a dedicated CME for your site

AssetWatch cloud-based software with unlimited licenses

No CapEx, Engineering or IT integration required