While asset criticality rankings provide your maintenance team with data for the development of maintenance strategies, work order prioritization, and risk management it should not be viewed solely as a tool of maintenance. Criticality rankings have cross-functional benefits and impacts throughout an organization including production/operations, EHS, supply chain/warehousing,capital expenditures, and future budgeting decisions.
Determining the correct asset criticality ranking strategy for a business requires input from all the stakeholders in the business. Maintenance history, MTBF, EHS impacts, spares lead-time, asset replacement value, customer impact, cost of failure, and the ability to isolate/recover from single-point-failures are just a few of the factors to account for when implementing an asset criticality ranking.
Creating a matrix to determine asset criticality in a Computerized Maintenance Management System is a crucial step in implementing a CMMS, and a fresh eyes approach can provide insight into gaps within a system that has been utilized for years.
Trident can evaluate your current asset criticality ranking, and assist/advise you in building a path to more effective CMMS. For more information contact us at firstname.lastname@example.org.