Asset Criticality

Relative ranking of assets based on consequences of failure such as safety, environment, quality, delivery and cost.

Examples

01The asset criticality ranking puts the main press at A because a failure stops three downstream lines, while the parts washer is rated C.
02Planners use asset criticality in the weekly maintenance review: work orders on A-rated assets are always scheduled before those on B and C assets.
03Asset criticality decides spare-part strategy: the A-rated press has its main motor in stock, the C-rated conveyor does not.