Asset Criticality and Risk Ranking

Wouldn’t it be useful to know precisely how much time and resource should be applied to each of your assets? With Asset Criticality, organizations are able to rate assets to determine how critical each piece of equipment is to areas such as safety, product quality, customer issues, environmental issues, and production.

During this session, guest speaker Terry Harris from Reliable Process Solutions LLC provides an overview of Asset Criticality and Risk Ranking and discusses how to:

Derive the criticality rating for each piece of equipment
Understand which equipment is important and critical to the process
Assign resources and time based on equipment criticality value

Upcoming Live Best Practices Webinar

Topic: Failure Modes to Failure Codes
Date: Wednesday, February 14, 2018
Time: 11:00am – 12:00pm ET (10:00am CT, 9:00am MT, 8:00am PT, 4:00pm GMT)
Speaker: John Reeve, CRL, Author and CMMS Champion at TRM
As an improvement initiative, chronic failure analysis may be the most significant benefit yet to be realized by the world of asset management. This month’s webinar explains exactly how to start capturing a true failure mode in support of RCM.

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