Case Study
Cranfield University uses @RISK to Demonstrate Benefits of Investing in Product Reliability – Palisade
Cranfield University uses @RISK to Demonstrate Benefits of Investing in Product Reliability – Palisade
Customers & Industries: Cranfield University Industry: Oil/Gas/Energy, Academic Product(s): @RISK Application: Equipment Reliability Summary A Cranfield University project uses @RISK to calculate the likelihood of sub-sea oil and gas equipment failure, and the overall cost throughout the project life cycle, should it do so. The project provided evidence to business managers that a better ROI is achieved through enhancing a product's longterm reliability as a result of spending time and resources early in the product design lifecycle. @RISK Home Customers & Industries Cranfield University @RISK's sophisticated analysis enables us to measure the unknowns, and combine reliability forecasts with the cost of breakdowns, thereby illustrating that lack of investment in making a product more relia