Criticality Analysis Made Simple

Author: Tacoma Zach
ISBN: 9781941872260

Two big challenges face asset management and reliability engineering programs today:knowing where to start and setting priorities. A meaningful criticality analysis is key to solving this challenge of clarity on what is to be achieved, establishing priorities, and aligning and targeting resources. It is also the starting point for making sure stakeholders are working together towards achieving better outcomes.

While a criticality analysis is one of the most important elements in an asset management program, it is perhaps the most overlooked and misunderstood. Criticality Analysis Made Simple explains criticality and shows how to conduct an efficient and effective criticality analysis, laying the foundation for delivering maximum value from your assets.

The book starts by explaining criticality and addressing some common misperceptions, and then shows how a criticality analysis supports the overall aim of an asset management program. Practical instruction on how to conduct a criticality analysis is followed by a discussion of how to maximize and apply the benefits of the analysis, tying criticality in to the bottomline. Helpful case studies and a discussion of how a criticality analysis supports the aims of ISO55000 are also included.

This book makes criticality analysis simple to understand and easier to apply. The concepts and approach outlined have been proven to be highly effective and very efficient in multiple organizations. Criticality Analysis Made Simple will be valuable for teams tasked with uncovering risk and criticality in their organizations and for business leaders looking for greater success from their asset management programs.