Wouldn’t it be useful to know precisely how much time and resource should be applied to each of your assets? With Asset Criticality, organizations are able to rate assets to determine how critical each piece of equipment is to areas such as safety, product quality, customer issues, environmental issues, and production.
During this session, guest speaker Terry Harris from Reliable Process Solutions LLC provides an overview of Asset Criticality and Risk Ranking and discusses how to:
Derive the criticality rating for each piece of equipment
Understand which equipment is important and critical to the process
Assign resources and time based on equipment criticality value