Criticality Analysis

Systematic assessment used to prioritize assets, failure modes or spare parts according to risk and consequence.

Examples

01A criticality analysis of 400 assets scores each one on safety, quality, delivery and cost impact, and ranks 45 as critical.
02The criticality analysis is reviewed every year and after any major failure, because new products can change the impact of a stop.
03Results of the criticality analysis decide which assets get vibration monitoring and which spare parts are held in stock.