Risk-Based Asset Criticality with Suzane Greeman
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:
- What role does Asset Criticality play in asset management?
- What should we do once asset criticality is determined?
- What is value based asses determination?
- And much more!