But what the heck is SRCM?
It is a structured process of risk based decision making against black swans.
In brief, it is about:
- How to detect an incipient black swan in time?
- How to improve the stability of a system?
- How to improve the longevity of a system?
- How to mitigate consequences of failures?
When we are able to do all that to a system we may call it “smart maintenance.” After all as human beings we create, maintain and destroy systems. Given a system, smart maintenance is about doing all the three – create, maintain and destroy. Surely, it is one of the most complex project management we can engage with.
However, the smart maintenance can really happen when one simply does nothing yet everything is done.