Ensure your asset management program is focused on the right assets by ranking them based on criticality. Through proper development of an Asset Criticality Ranking model, Reliability Engineering concepts can be applied to determine at what level each asset should be managed based on criticality. This is why Asset Criticality Ranking is a key component to achieving Enterprise Asset Management as it is the primary mechanism needed to prioritize improvement activities when time and resource availability are often limited. This prioritization should be applied to strategic efforts like PM Optimization and tactical efforts like Planning and Scheduling.
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