This document provides an overview of a project to conduct reliability centered maintenance (RCM) of a gas compressor using failure mode and effects analysis (FMEA). The project aims to identify and prioritize failure modes of the compressor, analyze risks, and select effective maintenance tasks. Both theoretical FMEA and software-based FMEA using AvailabilityWorkbench are conducted. For two key compressor components - impeller bearing and control valve - different maintenance strategies are simulated and compared in the software. Inspection is found to be the optimized strategy for both components based on cost and downtime. Future work includes full RCM analysis and implementation of maintenance strategies for the compressor and plant.