{"id":7909,"date":"2022-05-05T06:04:52","date_gmt":"2022-05-05T12:04:52","guid":{"rendered":"https:\/\/limblecmms.com\/?p=7909"},"modified":"2025-05-30T13:05:14","modified_gmt":"2025-05-30T19:05:14","slug":"criticality-analysis","status":"publish","type":"post","link":"https:\/\/limblecmms.com\/blog\/criticality-analysis\/","title":{"rendered":"How to perform criticality analysis"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row kd_background_image_position=&#8221;vc_row-bg-position-top&#8221;][vc_column][vc_column_text]<span style=\"font-weight: 400;\">If your business uses assets to deliver a product or service, your dependence on these assets introduces risk. Therefore, you implement expensive maintenance programs to offset that risk.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But how do you gauge the effectiveness of your <a href=\"https:\/\/limblecmms.com\/blog\/maintenance-cost-explained\/\">maintenance spend<\/a>? Are you maintaining the correct assets at the right frequency, and how much are you spending unnecessarily?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this comprehensive guide, we&#8217;ll introduce you to a risk assessment and management method that answers those questions &#8211; criticality analysis.\u00a0<\/span><span id=\"what-is-asset-criticality-assessment-useful-for\"><\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row kd_background_image_position=&#8221;vc_row-bg-position-top&#8221;][vc_column][vc_column_text]<\/p>\n<h2><span style=\"font-weight: 400;\">What is criticality analysis?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Criticality analysis (CA) is a structured and systematic method of assessing the risk asset failures pose to a business. The method is used to rank the criticality of assets relative to each other. This supports the implementation of targeted plant maintenance strategies proportional to the failure&#8217;s impact.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The structured process removes considerable subjectivity while optimizing maintenance spending. It helps improve <\/span><a href=\"https:\/\/limblecmms.com\/blog\/reliability-availability-maintainability-analysis\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">asset availability and reliability<\/span><\/a><span style=\"font-weight: 400;\">, plant safety, and equipment uptime.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is the purpose of completing an asset criticality assessment?<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Criticality analysis is not just another maintenance tool for the engineering and maintenance department to save money. It&#8217;s a strategic business process requiring involvement and input from a broad range of company departments if it is to deliver company-wide benefits.<\/span><\/p>\n<p><a href=\"https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis.webp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7911 size-full\" style=\"border: black; border-width: 2px; border-style: solid;\" src=\"https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis.webp\" alt=\"pros and cons of criticality assessment\" width=\"1500\" height=\"883\" srcset=\"https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis.webp 1500w, https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis-300x177.webp 300w, https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis-1024x603.webp 1024w, https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis-768x452.webp 768w, https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis-404x238.webp 404w, https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis-496x292.webp 496w, https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis-93x55.webp 93w, https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis-540x318.webp 540w, https:\/\/limblecmms.com\/wp-content\/uploads\/Asset-criticality-analysis-100x59.webp 100w\" sizes=\"auto, (max-width: 1500px) 100vw, 1500px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The outputs from a criticality analysis can be used for:<\/span><br \/>\n<span id=\"sub-optimal-approaches\"><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Inventory optimization:<\/b><span style=\"font-weight: 400;\"> Identifying optimum spares holdings for critical equipment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Capital allocation:<\/b><span style=\"font-weight: 400;\"> Identifying CAPEX investment for critical equipment upgrades or process redundancy needs while eliminating unnecessary spending.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Safety improvements:<\/b><span style=\"font-weight: 400;\"> Reducing critical failures and eliminating unnecessary maintenance interventions and downtime.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Maintenance program optimization:<\/b><span style=\"font-weight: 400;\"> Assists priority rankings for planned maintenance tasks and work order requests. Assists with applying risk mitigation strategies such as condition or trend monitoring.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Resource optimization:<\/b><span style=\"font-weight: 400;\"> By better understanding asset criticality, maintenance resources are used more effectively.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Sub-optimal approaches to assessing equipment criticality\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Different methods exist for applying criticality rankings to assets. However, many lack procedural rigor and miss the mark when it comes to improving maintenance outcomes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We will still go through some of them so you get the idea what is out there. You might also apply them as a band-aid until you have enough resources to conduct a fully fledged equipment criticality analysis.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">The Pareto principle (a.k.a. the 80\/20 rule)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This method is subjective and involves the maintenance manager ranking all assets by their perceived criticality, then focusing most maintenance efforts on the top 20% of the list. While some asset failure rates improve, others will deteriorate due to a lack of attention, forcing the maintenance team into <\/span><a href=\"https:\/\/limblecmms.com\/strategies\/reactive-maintenance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reactive mode<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Forced ranking<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Like the Pareto method, forced ranking assumes a clear hierarchy of asset criticality, which is not the reality. With scheduled maintenance efforts applied from the top, assets that are towards the bottom-half of the list will receive little to no attention, depending on the maintenance team&#8217;s workload.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This method is wildly unpredictable, preventing informed and systematic changes to improve asset availability and measure effectiveness.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Maintenance frequency allocation<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The frequency allocation method increases or decreases scheduled maintenance interventions based on asset criticality. However, effective and efficient maintenance is not linked to how often a piece of equipment is looked at, but rather having the right tasks acquitted at a predetermined time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Frequency allocation often allows less critical assets to run late on scheduled checks or has them canceled altogether due to time pressures.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Over-maintaining<\/span><\/h3>\n<p><span id=\"how-do-you-do-asset-criticality-analysis\"><\/span><span style=\"font-weight: 400;\">In this scenario, businesses assume that every asset is equally important. Based on the flawed principle that if a little oil is good for something, more must be better, the business gives all the assets equal attention.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from being extremely expensive and time-consuming, there is a sting in the tail. When an asset fails, as one surely will, management will look at the size of the maintenance budget and assume <\/span><a href=\"https:\/\/limblecmms.com\/blog\/how-to-organize-a-maintenance-department\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">the maintenance department<\/span><\/a><span style=\"font-weight: 400;\"> is incompetent.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fact a business is spending a lot of money on maintenance does not mean the maintenance adds value.\u00a0\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; kd_background_image_position=&#8221;vc_row-bg-position-bottom&#8221; kd_top_separator_style=&#8221;skew-left&#8221; kd_top_separator_height=&#8221;separator-height-small&#8221; kd_bottom_separator_style=&#8221;skew-left&#8221; kd_bottom_separator_height=&#8221;separator-height-small&#8221; kd_top_separator=&#8221;true&#8221; kd_bottom_separator=&#8221;true&#8221; css=&#8221;.vc_custom_1682969636891{margin-bottom: 40px !important;padding-top: 120px !important;padding-right: 40px !important;padding-bottom: 50px !important;padding-left: 40px !important;background: #dde4e8 url(https:\/\/limblecmms.com\/wp-content\/uploads\/cta-laired-hex-4.webp?id=9077) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;border-radius: 0px !important;}&#8221; css_tablet_landscape=&#8221;.vc_custom_1682969636891{padding-bottom: 80px !important;}&#8221; css_tablet_portrait=&#8221;.vc_custom_1682969636891{padding-bottom: 80px !important;}&#8221; css_mobile=&#8221;.vc_custom_1682969636892{padding-bottom: 80px !important;}&#8221;][vc_column][vc_row_inner kd_background_image_position=&#8221;vc_row-bg-position-top&#8221;][vc_column_inner]<header class=\"kd-section-title col-lg-12 text-center  subtitle-below-title kd-animated fadeIn   vc_custom_1682969651819\" data-animation-delay=200><h2 class=\"separator_off\" style=\"font-size: 42px;font-weight: 500;margin-bottom:30px;\">The Essential Guide to CMMS<\/h2><h6 class=\"subtitle\" style=\"color: #152232;\">The Essential Guide to CMMS<\/h6><\/header>[\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=&#8221;top&#8221; kd_background_image_position=&#8221;vc_row-bg-position-top&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1631866454223{padding-right: 50px !important;padding-left: 0px !important;}&#8221; offset=&#8221;vc_col-lg-6 vc_col-md-12 vc_col-xs-12&#8243; css_tablet_landscape=&#8221;.vc_custom_1631866454223{padding-right: 0px !important;}&#8221; css_tablet_portrait=&#8221;.vc_custom_1631866454223{padding-right: 0px !important;}&#8221; css_mobile=&#8221;.vc_custom_1631866454224{padding-right: 15px !important;}&#8221;][vc_raw_html]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[\/vc_raw_html][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_single_image source=&#8221;external_link&#8221; alignment=&#8221;center&#8221; css_animation=&#8221;fadeIn&#8221; custom_src=&#8221;https:\/\/3975608.fs1.hubspotusercontent-na1.net\/hubfs\/3975608\/Content%20Downloads\/CMMS%20Guide%20mockup.png&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row kd_background_image_position=&#8221;vc_row-bg-position-top&#8221;][vc_column][vc_column_text]<\/p>\n<h2><span style=\"font-weight: 400;\">How to conduct criticality analysis<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The criticality analysis process is essentially a decision-making tool that can be used for managing failure events. As such, it can be split into seven distinct steps you should follow to ensure the assessment is performed correctly and with enough rigor.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">1. Assemble a cross-functional team<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The value in a criticality analysis comes from the diverse inputs of those in the organization <\/span><a href=\"https:\/\/limblecmms.com\/blog\/equipment-failure\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">impacted by equipment failure<\/span><\/a><span style=\"font-weight: 400;\">. Using only maintenance or engineering personnel to carry out the analysis can skew the data-gathering process and provide sub-optimal results.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ensure that operations, procurement, safety, maintenance, and engineering personnel form the team&#8217;s core. Additional members might include people from finance and logistics.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">2. Agree on the equipment criticality assessment matrix<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A common area of contention is the risk assessment matrix. Team members often have disagreements on the applied severity ratings, wording, inclusions, and exclusions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Begin by proposing draft categories and risk matrices, and allow discussion on the contents. Once everyone has voiced an opinion and suitable modifications have been made, you&#8217;ll achieve greater ownership of the process by the team, and ensure consistency when ranking risk.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">3. Identify items to be assessed<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The criticality analysis process can be quite involved and time-consuming, so keep the number of assets to be analyzed manageable. Aim for the most critical assets when assessing failure risks. Suggestions for the number of assessment items range from 10% to no more than 20% of your total assets.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">4. Set the context for each asset<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Given the analysis team comprises diverse skill sets, it&#8217;s important to clarify the function of each asset, the quantity in use, asset prioritization, and any redundancies that may exist for the item.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An asset that forms a single point of failure with severe financial impacts will have a different criticality or RPN number than if operations can continue using a backup asset or alternative production methods.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">5. Collect the necessary data<\/span><\/h3>\n<p><a href=\"https:\/\/limblecmms.com\/blog\/fmea-and-fmeca\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Identify asset failure modes<\/span><\/a><span style=\"font-weight: 400;\">, the impact of each failure, and the likely rate of occurrence. If you are using the RPN process (the quantitative approach), assign detection rates as well.<\/span><br \/>\n<span id=\"optimizing-maintenance-using-criticality-outcomes\"><\/span><\/p>\n<h3><span style=\"font-weight: 400;\">6. Perform risk evaluation<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Using the risk tables, compute a criticality number for the qualitative analysis or an RPN number for the quantitative analyses. This process can take some time, as each team member will have differing views on how a failure impacts their department and the severity to be applied. <\/span><i><span style=\"font-weight: 400;\">High risk<\/span><\/i><span style=\"font-weight: 400;\"> can have different meanings for different personnel.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember that criticality will be based on the most severe outcome. An in-depth effects analysis is the first step in the methodology, leading to an asset criticality ranking for each asset.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">7. Aggregate asset criticality<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">By aggregating the criticality rating from all assets, you gain insight into where and how you might best allocate resources for optimum effect. While criticality analysis does not consider consequential or multiple failures, risk aggregation might inform contingencies suitable to offset several identified potential failure impacts.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Optimizing maintenance using criticality outcomes<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The outcome of a criticality analysis can be used to inform various strategies. These may include equipment design, modification to processes, equipment guarding, Capex for new equipment, or other positive actions to reduce failure severity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, when we specifically wish to optimize our asset management and maintenance, one of the key areas for improvement is the maintenance, inventory, and procurement strategies we employ. There are five maintenance strategies common to most facilities:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/blog\/what-is-breakdown-maintenance\/#run-to-failure-maintenance-strategy\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Run-to-failure maintenance<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/strategies\/preventive-maintenance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Preventive maintenance<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/strategies\/condition-based-maintenance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Condition-based maintenance<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/strategies\/predictive-maintenance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Predictive maintenance<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/strategies\/prescriptive-maintenance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Prescriptive maintenance<\/span><\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5324 aligncenter\" src=\"https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1.jpg\" alt=\"maintenance strategies comparison\" width=\"640\" height=\"640\" srcset=\"https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1.jpg 1200w, https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1-300x300.jpg 300w, https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1-1024x1024.jpg 1024w, https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1-150x150.jpg 150w, https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1-768x768.jpg 768w, https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1-238x238.jpg 238w, https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1-292x292.jpg 292w, https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1-60x60.jpg 60w, https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1-405x405.jpg 405w, https:\/\/limblecmms.com\/wp-content\/uploads\/MSstrategy-1-100x100.jpg 100w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">For those who were intrigued by the graphic above, check our detailed <\/span><a href=\"https:\/\/limblecmms.com\/blog\/maintenance-strategy\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">comparison of the maintenance strategies here<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With insight into the failure impacts of an individual asset, we can consider whether the current maintenance regime is providing effective and efficient mitigation of equipment failure.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Example #1: Low criticality asset<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">An example might be an asset deemed low in criticality due to multiple redundancies. In this case, carrying out condition-based maintenance might be overkill, expending maintenance resources unnecessarily.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You might choose to downgrade the asset maintenance strategy to preventative maintenance, carrying out only lubrication and cleaning tasks. You may also choose to be completely reactive in your maintenance, fixing the asset only once it has failed. The final decision will depend on the value of the asset and its repair or replacement costs.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Example #2: High criticality asset<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Conversely, you might have identified a slurry pump with multiple redundancies, yet a catastrophic failure would result in severe environmental impacts and regulatory penalties. With such impacts affecting a business&#8217;s operating license, averting such failure must be a high priority.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You may choose to install sensors and utilize predictive or prescriptive maintenance techniques to ensure an early warning of deterioration, allowing for a timely maintenance intervention. This example might also necessitate a change in your spares inventory to ensure adequate components or complete units are on hand for rapid rectification.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Developing mitigation strategies<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As an extension of the criticality analysis process, you could choose to develop a mitigation matrix. This matrix suggests a range of strategies and tactical interventions to be considered for each criticality ranking, as shown in the image below.<\/span><\/p>\n<p><span id=\"improving-criticality-assessment-with-a-CMMS\"><\/span><a href=\"https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies.webp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7920\" style=\"border: black; border-width: 2px; border-style: solid;\" src=\"https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies.webp\" alt=\"Developing mitigation strategies\" width=\"1500\" height=\"1380\" srcset=\"https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies.webp 1500w, https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies-300x276.webp 300w, https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies-1024x942.webp 1024w, https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies-768x707.webp 768w, https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies-259x238.webp 259w, https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies-317x292.webp 317w, https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies-65x60.webp 65w, https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies-440x405.webp 440w, https:\/\/limblecmms.com\/wp-content\/uploads\/Developing-mitigation-strategies-100x92.webp 100w\" sizes=\"auto, (max-width: 1500px) 100vw, 1500px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">While not prescriptive, the matrix provides an aide-memoire to guide engineers, maintenance planners, and maintenance managers on suitable risk mitigation options while offering other considerations, such as inventory or procurement issues.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Improving criticality assessment with a CMMS<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A criticality analysis has three key stages:\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data gathering<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asset ranking<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategy implementation and monitoring\u00a0<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/limblecmms.com\/cmms\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">computerized maintenance management system (CMMS)<\/span><\/a><span style=\"font-weight: 400;\"> provides support through all three stages.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The CMMS provides objective historical maintenance and in-service performance during data gathering activities, informing the initial asset selection for analysis. The criticality analysis team can then base their assessments on empirical data rather than anecdotes and memory.<\/span><\/p>\n<p><span id=\"summarize\"><\/span><span style=\"font-weight: 400;\">Once a strategy is identified, the CMMS will manage the task scheduling, resources, and spares necessary to implement the risk mitigation. It will update inventory counts and capture expenditure.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Last but not least, CMMS simplifies financial and operational reviews which are carried out to validate whether the chosen mitigation strategy provided the efficiency and effectiveness gains (by comparing current and past asset performance and <\/span><a href=\"https:\/\/limblecmms.com\/blog\/maintenance-cost-explained\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">maintenance costs<\/span><\/a><span style=\"font-weight: 400;\">).<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Let\u2019s summarize<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Correctly performing criticality assessment requires diverse organizational inputs and the ability to follow a structured and systematic approach. The rigor used to identify risk, rank it, and implement risk mitigation strategies removes a large degree of subjectivity from the analysis. It prevents isolated actions or the implementation of tactics unsupported by data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the process is comprehensive and time-consuming, the benefits are hard to dismiss: a more targeted maintenance program, optimized maintenance spending, reduced operational risk, and <\/span><a href=\"https:\/\/limblecmms.com\/blog\/useful-life-of-asset\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">improved asset longevity<\/span><\/a><span style=\"font-weight: 400;\"> and availability.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s it from us &#8211; may your equipment live long and prosper! If you have any questions about criticality analysis, visit the comment section below. For anything else related to <\/span><span style=\"font-weight: 400;\">Limble CMMS<\/span><span style=\"font-weight: 400;\">, you can <\/span><a href=\"https:\/\/limblecmms.com\/contact-us\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">contact us here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row kd_background_image_position=&#8221;vc_row-bg-position-top&#8221;][vc_column][vc_column_text]If your business uses assets to deliver a product [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[740],"tags":[],"class_list":["post-7909","post","type-post","status-publish","format-standard","hentry","category-metrics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast 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