About Risk Assesment and Inspection Manual

Advitam has adapted traditional risk analysis methods utilized in other sectors (e.g. industrial, aero-naval, and nuclear) to the construction sector. One such method is the Failure Mode Effects and Criticality Analysis or FMECA.
Advitam’ risk analysis method provides an exhaustive listing of risks and sorting per criticality, defined as the product of risk likelihood (probability that risk happen) and risk gravity (cost of consequences upon occurrence or PML). Risk likelihood may be determined by experimental feedback coming from the client, insurance company, or from engineering expertise.
Gravity of a risk is estimated as the sum of the cost of repair, replacement, loss of revenue and other costs which may be incurred in the event the risk happens.
The most critical risks are those that are likely to happen and have expensive consequences. Historically, Advitam has worked with bridge owners and designers to identify particular risks related to large scale bridges towards the end of defining inspection and maintenance practices to mitigate risks and maintenance cost. For these assignments the establishment of risk probability and gravity were the penultimate task required to produce the inspection and maintenance plans.