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Where does MTA fit into the overall
reliability initiative ? |
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Asset
prioritization is an essential part of the
up-front strategic planning required to
ensure the success of a reliability
initiative.
This
methodology helps rate assets with respect to
the impact of their failure and their
reliability on your business objectives. Both
values are essential when managing work order
backlogs and asset performance gaps as well as
developing an enterprise wide reliability
strategy.
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| The First
Step - Asset Prioritization & Risk Profile
Selection |
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First decide
which reliability strategy to deploy through
Asset Prioritization and Risk Profile
Selection, as shown in the above diagram. |
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What is Asset Prioritization & Risk Profile
Selection ? |
The Asset Prioritization methodology is a
focusing tool to tailor a reliability
initiative to your business environment.
It involves:
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Working with management to develop
criteria that define the consequences
and the probability of asset failure.
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Establishing your risk tolerance levels.
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Applying the resulting guidelines to
rank your assets.
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