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In recent years, petrochemical companies have seen significant improvements in their overall operational capabilities, but there are shortcomings in equipment management. Equipment management has a major impact on the stable development of these companies, as corporate efficiency is directly linked to safety; therefore, a veto system is in place for any issues related to safety. Thus, equipment maintenance and proper operation are fundamental to ensuring safety, and it is very important to analyze the risks present in management. 1. Main contents of equipment risk management: The objects of risk management mainly include pump units used in water, telecommunications, and related services, transformers, as well as fire protection equipment in server rooms. Focusing on the potential hazard factors arising from three aspects—unit safety management, production management, and maintenance work—with an emphasis on preventing personal accidents and major equipment failures, hazard identification is carried out using risk assessment methods. Risk assessment should be managed in a closed-loop, dynamic manner; by taking into account the realities of safe production as well as the contents of safety assessments, risk points associated with equipment should be identified, and corrective measures should be formulated and implemented. The equipment management risks discussed in this article are analyzed primarily from the perspectives of the proper use of corporate water, electricity, and telecommunications equipment, as well as standardized inspections, repairs, and maintenance. II. Major risks in equipment management 1. Lack of a perspective for equipment risk management assessment. From the perspective of managing power supply for the company’s core operations, the condition-based maintenance of the company’s power supply equipment can be regarded as an independent project in its initial stage; however, this process involves aspects such as overall management, human resource management, and equipment risk management. Especially in risk management, although power systems employ various methods for maintenance, the functional diversity of risk factors and the uncertainty associated with risks prevent the smooth implementation of condition-based maintenance. For example, in the case of preventive tests for transformers, the maintenance departments responsible for electrical equipment lack the necessary conditions for proper maintenance and repair, which prevents the actual maintenance work from being carried out properly. As a result, risk assessment is conducted only from the perspective of the individual equipment, without a comprehensive approach to risk management. 2. The training for equipment management is insufficient; improper operations by equipment operators are also one of the risk factors, and equipment failures resulting from this are not uncommon. Although companies provide training on equipment management through various channels, there is frequent turnover among technical staff, and new employees receive insufficient training; as a result, they do not have a solid understanding of the working principles and structure of the equipment, which creates potential risks in its operation and maintenance. 3 Inadequate management of equipment failure prevention: Due to the influence of traditional thinking, the unit’s equipment management techniques are limited; there is no innovation in the management approaches used, and these conventional methods prevent the unit from adopting advanced management techniques or making full use of its existing resources. In many organizations, preventive maintenance of equipment is often neglected; repairs are carried out only when the equipment starts to malfunction. Such maintenance is usually based on experience, with advanced maintenance methods not being utilized effectively. 4. Lack of practical experience in equipment risk management. Equipment risk management is a process-oriented approach that involves creating a comprehensive risk system among different equipment units. Companies do prepare emergency plans and emergency response cards for critical equipment, but if the implementation of operational procedures and various emergency plans is inadequate, and if there is no proper post-event analysis or recording of experiences, it becomes impossible to develop targeted preventive measures based on the defects or risks associated with the equipment. As a result, it is difficult to improve the management of risk factors related to equipment and facilities. III. Risk Analysis and Solutions for Equipment Management. The maintenance of equipment in an organization involves seven main stages: collection of information on equipment condition, evaluation of the equipment’s status, assessment of associated risks, determination of maintenance strategies, formulation of maintenance plans, implementation of the maintenance activities, and evaluation of the effectiveness of those repairs. Information collection on equipment primarily involves gathering data related to its manufacturing and maintenance. This equipment information includes various aspects such as records of failures in preventive tests and maintenance records. Equipment risk assessment is the process of identifying the risks that equipment faces or may encounter. It is mainly reflected in three aspects: personnel, environment, and management. Equipment risk assessment calculates the average failure rate of the equipment based on the equipment condition evaluation score. The risk value of a device can be determined based on its asset value, the extent of losses, and the average failure rate. The outcomes of equipment risk are: normal state, caution state, and abnormal state. Four states of severe condition. It is mainly addressed from the following aspects: 1. Organizations can use modern technologies. For example, maintaining records of information-based electronic equipment facilities is important; when carrying out maintenance on such equipment, there are often many devices involved, and the complexity of these devices makes it difficult for staff to record information. It is necessary to enter the original records of the equipment into the archives promptly, to store this original information, to keep all maintenance records, and to document the status and results of any repairs. This helps improve work efficiency. Common problems can be summarized, their causes identified and noted, so that there is reference material available when similar issues arise again. Manage the equipment scientifically and professionally in accordance with modern information management requirements. 2. Pay attention to the management system for equipment. To improve the responsibilities related to equipment management, appropriate measures should be taken so that each job position and every employee can assume their respective responsibilities and obligations. A sound management system can effectively enhance the overall quality and capabilities of employees. 3. Be familiar with the usage of equipment. Understand the operating modes and organizational structures of various devices. Through conducting thorough emergency response drills, identify devices with potential risks or hidden hazards. Promptly document and monitor their usage to eliminate any existing safety risks. 4. Place emphasis on the cultivation and utilization of talent. Emphasizing employees’ sense of responsibility and service orientation is a prerequisite for ensuring the effective management of equipment. When developing employees’ capabilities, their technical skills cannot be overlooked; the development of an organization as well as its reputation depend on the management skills of its staff. Before employees start working, companies should provide them with appropriate training. Depending on the responsibilities and job positions, different training contents and programs are developed. By integrating theoretical knowledge with practical work experience, and through a mentorship system where experienced employees demonstrate procedures to newcomers, employees’ professional skills can be effectively enhanced, enabling them to better adapt to their respective roles. Conclusion: Equipment risk management is an activity that spans the entire life cycle of a device, and everyone is related to it. Therefore, we need to devote more attention to equipment risk management. By strengthening overall equipment management and raising the awareness and level of risk management in this area, we can reduce the losses caused by sudden equipment failures and achieve the greatest economic and safety benefits