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Asset criticality analysis starts with

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two questions. How severe is

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the consequence if this asset

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fails, and how soon is

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that failure credible? Plot every

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asset on that grid, and

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the pattern appears: consequence concentrates

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in a small number of

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assets. Classify them, load the

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ratings into your CMMS, and

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every decision that follows,

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maintenance strategy, spares, inspection, capital,

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stands on a defensible foundation.