RCM (Reliability Centred Maintenance) was born out of necessity in the US airline industry in the 1960s/1970s as increasing preventive maintenance led to higher operating costs but did not provide the required improvement in safety and reliability.
What you want the plant to do; includes performance standards.
How the plant may be not be able to meet a functional requirement.
What can go wrong to result in functional failures and what would be the causes.
What the effects of each failure mode would be.
Identifies one of five types of consequence for each failure mode.
Uses RCM Decision Logic to determine what preventive maintenance or other actions, if any, are recommended.
Classical RCM is used primarily by organisations that have a commitment to standard RCM