Asset Criticality

Asset Criticality is a measure of how critical an asset is to the functioning of and/or the services provided by an organisation.

The importance or degree of asset criticality has been proposed to be based on the consequences of failure, i.e. consequences of failure are assigned a criticality factor.

Elements that may impact on asset criticality include:

Social, environmental & economic factors may be considered.

Social may include

  • Community disruption
  • Health and safety
  • Community disruption
  • Litigation

Environmental factors that may need to be considered are

  • natural waterways
  • parks
  • national parks
  • recreational grounds

Economic

  • business and commercial activities being disrupted
  • costs to the community

Drainage Asset Criticality

The following factors may contribute to the criticality of a drainage asset:

Related Pages

External Links & References

  1. Google Search (Asset Criticality)
  2. Camden Stormwater Asset Management Plan
  3. Criticality: A Key Idea in Asset Management
  4. Criticality in Asset Management - Felix Schrodinger's Blog
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