1) Merck's West Point facility implemented a Risk Based Asset Management (RBAM) program to improve asset reliability and availability through proactive maintenance strategies. 2) The RBAM program prioritizes assets based on risk factors like failure probability and impact on compliance, supply, strategy, and profit. High risk critical assets receive the most focus. 3) Maintenance strategies like FMEAs, simplified maintenance reviews, and predictive maintenance programs are developed based on the prioritization. Metrics are tracked and reported quarterly to monitor program performance and drive continuous improvement.