Equipment Criticality Analysis
Criticality Ranking for Equipment & Enabling better process control
Introduction
Equipment criticality analysis is a quantitative analysis of equipment faults, and ranking them in order of serious consequences on safety, environment, production loss and maintenance cost. The key benefit of this analysis is to provide the means to recognize high-criticality vs. low-criticality equipment, reduce the level of uncertainty and focus on high-priority maintenance tasks. The analysis also helps select the best and most economic maintenance strategy, prioritize work orders and decide on insurance and the demand on spare parts
Purpose of Equipment Criticality Analysis
The Equipment Criticality Analysis is used to identify:
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Which equipment has the most serious potential consequences on business performance, 'if it fails'? The resulting Equipment Criticality Number is used to prioritize resources performing maintenance work
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Identify what equipment is most likely to negatively impact business performance because it both matters a lot when it fails and it fails too often. The resulting Relative Risk Number is used to identify candidate assets for reliability improvement
Sample Outcome on Equipment Criticality Ranking
Criticality Ranking
Rating | Score | Impact |
|---|---|---|
Very Very High | 5 | >2500 |
Very High | 4 | 1751-2500 |
High | 3 | 1001-1750 |
Medium | 2 | 501-1000 |
Low | 1 | <=500< /td> |
Benefits
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Improved efficiency and lower margins
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Promote overall productivity with significantly shortened work cycles
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Eliminate most inter-department paperwork, taking inventory, and receiving to the warehouse
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Reconcile missing assets onsite with an easy-to-use visual contrast of collected and original asset data based on tag number, serial number, or asset ID
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Save time and improve accuracy of data
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Increasing virtualization
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Eliminates excel work which are stuck with various formulae to manage inventory