Asset Criticality is the process of defining the overall importance of an asset in a plant/mill. It is typically based on the likelihood and consequence of a significant failure mode occurring. A comprehensive analysis will look at the impacts on safety, environmental, production and cost.
Asset Criticality is used to determine the level of failure mitigation necessary to reduce overall risk. It helps to define the frequency of preventive and predictive maintenance; operator rounds and even storeroom stocking levels. With the criticality defined, failure mitigation tasks can be reduced for low-risk assets.
The output of an Asset Criticality is generally a number or letter that is uploaded to the Computerized Maintenance Management System (CMMS) or Enterprise Asset Management System (EAM). For example, many companies use the ABC Indicator field on a functional location/equipment in an SAP maintenance system.
Description of Service
A Prelical Solution consultant will work with your Subject Matter Experts (SME) to develop the Criticality. Below are the steps involved in the process:
A typical engagement will be one week. The consultant will arrive on site on Monday afternoon and will work with the team through Thursday afternoon. The consultant will provide a status overview for management on Friday morning if requested.
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