A well-planned and executed criticality assessment can provide clarity to what equipment is most critical to your organization’s risks and objectives. The assessment will provide a better cross-functional understanding of what impact each asset has to the business and will help prioritize resources and future activities to continuously improve plant performance and reduce risk.
This article will cover steps to prepare for performing a criticality assessment, selecting the assessment team, analyzing the results, and implementing activities that can leverage the value of the results.
