Critical Asset

A critical asset is an asset for which the financial, business or service level consequences of failure are sufficiently severe to justify proactive inspection and rehabilitation. Critical assets have a lower threshold for action than non-critical assets.

Although critical assets have a high consequence of failure, they don't necessarily have a high likelyhood of failure.

Section 2.6.4 of the International Infrastructure Management Manual discusses how to identify critical assets.

Related Pages

External Links & References

  1. International Infrastructure Management Manual
  2. Criticality in Asset Management - Felix Schrodinger's Blog
  3. Google Search
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