The Machine Tool Industry has struggled for years trying to implement Risk Based PLM tools. The requirement for their proper implementation has received additional emphasis with the introduction of ISO 9001:2015 and its requirement for the implementation of risk-based thinking when managing the business.
The purpose of this paper is to describe an ISO 9001:2015 compliant Risk Based PLM System currently being implemented at Valiant TMS, a global Machine Tool Builder. The system is applicable to any company in the Machine Tool Industry. The paper will cover applying Risk Based PLM tools from the definition of Customer Requirements through to the installation and maintenance of the machine tool. Special attention will be paid on how to properly implement the Machinery FMEA (MFMEA) and the common mistakes made when doing so. The obstacles experienced by Valiant TMS while implementing Risk Based PLM will also be discussed.