Report failures on time, analyze with corrective actions
Failure Reporting, Analysis and Corrective Action System (FRACAS) is a closed loop system improving asset performance by adjusting maintenance programs and/or improving asset design. The “closed loop” in FRACAS refers to the systematic manner in which every issue that is reported and addressed, ensuring that no failure or incident is missed. The FRACAS process is a major contributor for achieving continuous in-service asset reliability. Wipro's Enterprise Asset Management (EAM) consulting practitioners bring years of experience developing, streamlining, and implementing FRACAS. The team has developed unique capabilities that include risk assessments, balanced sets of key performance indicators and EAM systems implementations. This improves the RAM performance of similar equipment designs, operating under similar conditions, minimizes asset total cost of ownership and provides structure to failure codes.
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