When you need it
Use when an operator must prioritize asset attention, investigation or maintenance resources. Review after operating changes, altered redundancy or new failure evidence changes the consequences of losing an asset's function.
XLSX /
AI tools and documents for engineering and project management.
Asset Criticality Assessment
Prioritize asset attention using evidenced failure consequences and an owner-approved assessment method.
How to use this templateThis Excel template contains prepared working sheets and completion notes on a separate sheet. Enter your project data and review the completed workbook before use.
This editable workbook helps you organise project information. Check any included formulas, assumptions and results before use; it does not replace professional review.
The form prepares a separate brief; it does not fill the Word or Excel file.
Read product descriptions in your language. The Word and Excel template files are in English.
Only selected pages are shown. This is not the complete template. The full editable Word or Excel file is supplied with purchase.
Learning
How to use this template
What it helps you decide
The assessment focuses attention on service consequences and recovery constraints. It prevents visibly poor condition from automatically outranking a less degraded asset whose failure would have much greater operational impact.
How to complete it
- Define Asset / function and actual system dependencies. Record Failure consequence using the owner's approved criteria and evidence rather than invented probability or severity scales.
- Check Redundancy evidence and Recovery constraint against installed capability, spares and access. Identify shared dependencies that could defeat an apparently available standby arrangement.
- Explain Assessment basis and Proposed criticality. Record Priority action and Owner review, including operating changes that would require reassessment of the conclusion.
Who prepares and reviews it
An asset or reliability engineer prepares it with operations, maintenance and relevant safety specialists. The owner approves assessment criteria and priorities; competent reviewers challenge consequence assumptions and the availability of claimed redundancy.
A mistake to avoid
Assuming that a second installed machine provides effective redundancy ignores common services, controls or maintenance conditions that may prevent it from restoring the required function.
Illustrative example
Illustrative example: two pumps appear interchangeable, but both depend on one unavailable switching arrangement. The assessment records that limitation and the consequence of losing the duty pump. The operator reassesses maintenance priority and investigates recovery arrangements before relying on the nominal standby unit.
Document contents
- Document control and decision owner
- Evidence, scope and applicability
- Function and dependency
- Consequence assessment
- Recovery and exposure
- Priority review
- Open points, competent review and decision
Required inputs
- Project / asset identity, assessment date, scope and authorized decision owner
- Verified source documents with exact revision and record locators
- Verified asset hierarchy and operating functions
- Failure and outage history
- Safety, service and business consequence criteria
- Redundancy and recovery capability evidence
Practical tools.
Professional judgment.
Confirm the adopted edition, local amendments, National Annex where relevant, and contract requirements.
Prepare project brief