Inspection
Work Planning
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A classification that ranks equipment according to the consequences of its failure.
Equipment Criticality is the evaluation and ranking of equipment based on the potential consequences of failure, considering factors such as safety, environmental impact, production loss, maintenance cost, regulatory compliance and operational risk. Criticality assessments are commonly used to prioritize maintenance, inspections, capital investment and reliability improvement activities.
Equipment Criticality supports risk-based decision making by focusing resources on the assets that present the greatest operational or business risk.
Criticality methodologies typically combine likelihood and consequence assessments and may incorporate qualitative, semi-quantitative or quantitative evaluation techniques depending on organizational requirements.
This term is maintained as a redirect to Asset Criticality because the concept generally applies equally to equipment, systems and other asset classes.
Reliability Engineering; Risk Management; Asset Management.
Risk-based maintenance.; Asset prioritization.; Reliability improvement.; Inspection planning.; Capital planning.
ISO 55000; IEC 60812
VisualAIM connects glossary concepts to the asset records, inspection histories, and workflows they describe.
