Reliability Centered Maintenance (RCM) in HxGN EAM lets you define either a Risk Assessment or a Risk Analysis or a Failure Mode Effects and Criticality Analysis (FMECA) for a location, a system, a position, or an asset. This is on top of the Classic RCM option.
During a Risk Assessment you define functions, functional failures, and the consequences of these functional failures. A Risk Assessment is typically performed on locations and equipment on higher levels in the equipment hierarchy, such as a storage location or a production line.
A Risk Analysis is like a Risk Assessment but also includes definition of failure modes. Risk Analysis is more detailed research of the equipment risk and therefore is mostly done on equipment on lower levels in the equipment hierarchy.
A FMECA looks very much like a Risk Assessment, but instead of functional failures the system lets you define failure modes and the consequences for these failure modes.
A setup using Classic RCM uses the typical RCM structure. You define functions, then the functional failures of the functions, then the failure modes of the functional failures, and then the consequences of the failure modes.
Failure mitigation, for example via preventive maintenance or condition-based maintenance, can be applied to any of the defined failure modes of the equipment. Consequently, mitigation can only be defined for Classic RCM, a Risk Analysis or a FMECA, because they support the definition of failure modes.