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In this episode of ReliaCast, host Chris Wynn-Jones interviews Kevin Raymond from Network Rail about asset management and reliability engineering in the rail sector. Kevin shares his journey from automotive manufacturing at Ford to becoming a reliability specialist at Network Rail, discussing how his experience with Six Sigma and quality improvement programs shaped his approach to railway asset management. The conversation covers Network Rail's design for reliability process, which moves beyond traditional safety and legal compliance to emphasize proactive reliability measures. Kevin explains the differences between preventive and predictive maintenance strategies, the integration of reliability engineering with asset management processes, and the challenges of managing assets across the vast railway network. He discusses how technology, including sensors and data analytics, is transforming rail asset management, while highlighting the importance of standards like NR L2 RSE 5. The interview explores risk assessment through failure mode and effects analysis (FMEA), the relationship between safety and reliability, and current trends like Great British Railways and in-cab signalling. Kevin concludes by discussing his involvement with the IMechE's engineering for reliability work group and the ongoing development of software reliability standards for the rail industry.