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What is a Criticality Analysis? How does it Work?

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Content Description
Original date: 
Wednesday, May 9, 2018
Abstract: 

<p>A criticality analysis is a systematic approach to evaluating potential risks, therefore consequences that can impact the business.&nbsp; The criticality analysis has defined criteria that outlines the potential consequences so that they can be evaluated, categorised and prioritised.&nbsp; Using the defined criteria for each major area of risk ensure all equipment is vaulted with emotion removed as much as possible.</p>

BoK Content Source: 
Practitioner Produced
BoK Content Type: 
Article / Newsletter
Asset Management Framework Subject: 
00 Asset Management - General, 06 Risk and Review, 6.00 Risk and Review General, 6.01 Risk Assessment & Management
Maintenance Management Framework Subject: 
00 Maintenance Management - General, 02 Maintenance Program Mgmt, 2.6 Asset Criticality Analysis
Author Title: 
Principal Instructor
Author Employer: 
Eruditio
Author Bio: 

<p>James Kovacevic is a passionate and driven Asset Management Professional who is based in Windsor, Ontario, Canada. Throughout the span of over a decade, he has gained extensive hands-on expertise in all things maintenance, reliability, and asset management. Currently, James serves as Principal Instructor at Eruditio. Previously, he founded HP Reliability, where he is infinitely dedicated to helping manufacturers attain maximum profitability, all while ensuring quality jobs and thriving communities. Ultimately, he consistently strives to revolutionize and streamline the industry in every way possible. James is also the Host of the Rooted In Reliability Podcast. Prior to his present ventures, James held various leadership roles, including the Asset Care Manager of Diageo, Maintenance Manager of RS Technologies, the Maintenance Supervisor of Global Composite Manufacturing, and numerous more. As an avid student of life, James makes it a point to always learn new things and hone his skills. He even assists other professionals in improving their skill sets through strategic mentorship. Furthermore, James Kovacevic holds a multitude of certifications, including Certified Maintenance &amp; Reliability Professional (CMRP), Maintenance Management Professional (MMP), and Certified Asset Management Assessor (CAMA). He also studied business and commerce in-depth at St. Clair College.</p>