For a full and detailed discussion of our approach to criticality analysis, please see our new book Criticality Analysis Made Simple. We are grateful to the team at Reliabilityweb.com for working with us on publishing this book.
“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 efficent 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.
You can also download a free copy of our white paper Uberlytics Approach to Criticality Analysis: Three Case Studies.