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EQUIPMENT CRITICALITY AND EQUIPMENT RISK ASSESSMENT. Developing an Equipment Risk Profile is known as Equipment Criticality. It uses the risk formula to identify the business financial impact if an equipment failure was to happen – it is a risk rating indicator.
Developing an Equipment Risk Profile is known as Equipment Criticality. It uses the risk formula to identify the business financial impact if an equipment failure was to happen – it is a risk rating indicator.
Equipment Criticality is used to identify operating equipment in a priority order of importance to the continued operation of a facility. The priority ranking is decided by the operating risk from equipment failure. Those equipment items that will stop production if they fail are identified as critical. Higher levels of maintenance and operator care are given to those items to maximise their level of reliability.
An entire facility’s plant and equipment are rated on this risk priority scale, after which maintenance strategies are matched to the equipment criticality. The same method is then applied to the assemblies and components within individual items of plant and equipment to identify which parts are critical to its continued operation. Again the necessary maintenance is then matched to the importance of the item to the operation of the equipment.
Both the short term and the long-term risk management, operating and maintenance practices are clearly identifiable and justifiable once the full and real cost of a failure and its consequences are seen in real money terms. The True Failure Cost method highlights that many risks to the business previously considered minor are actually high and they require a management plan be put into place to address those risks
This method of rating your plant and equipment criticality provides a complete picture of what really happens to your business when you have equipment problems in the operation.
Delegates should include the team members that would participate in the development of a reliability programme or failure management programme (maintenance policies/tactics/strategy) for the physical assets of the organisation.
Delegates would include:
Course Summary
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