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Welcome Gregory Perry to the Podcast. Gregory is a Capacity Assurance Consultant at Fluke Reliability. Today we will discuss asset criticality.
In this episode we covered:
Asset criticality plays a huge role in asset management. It is the ranking of assets depending upon the importance of every asset to the organization. When we talk about assessing that asset criticality, it means that we are determining that importance level of the assets within a particular organization. Once you know the criticality of each of your assets, you will be able to devise a methodology for risk based management of those assets. As it is a risk based process, everything related to that asset especially its history is very important for assessing the risk to that asset.
In this episode, we covered:
Now as a maintenance and reliability engineer, you need to come up with some tools to help you do this asset criticality activity. The heat maps are a good way as they include the asset hierarchy of the organization along with the budget details and other related information. You rank every system in the map by creating matrices that have different illustrations—usually red dots for critical ones and so on—to allow you to focus on specific factors and the determine the consequences if those assets fail. In order to do this, stakeholders, plant maintenance staff and concerned officials need to interact as it leads to right answers by asking the right questions and addressing the right issues in a right way. This is done by cascading everything from the corporate level to the site level.
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