Asset Criticality Ranking: Ranking Your Critical Assets – Best Practices with Infor EAM

Overview

Title: ACR: Ranking Your Critical Assets

Date: Wednesday, October 4, 2017

Time: 11:00 AM Eastern Daylight Time

Duration: 60 minutes

Click here to register. 

Summary

The need to improve the performance of critical assets is common knowledge when it comes to asset management. However, many organizations fail to fully understand the methodology behind formally ranking an asset as critical. It is very easy to deem the assets that are causing the most problems recently as critical as we often operate in a “what have you done for me lately” mentality.

Attend this live webinar as we go through proper development of an Asset Criticality Ranking (ACR) model and discuss how reliability engineering concepts can be applied to determine the level at which each asset should be managed, based on criticality. Asset Criticality Ranking is a key component to achieving successful Enterprise Asset Management (EAM) as it is the primary mechanism needed to prioritize improvement activities when time and resource availability are often limited.

By attending you will learn how this prioritization should be applied to continuous improvement efforts such as PM optimization and capital investments, as well as to the daily management of the EAM workflow processes, to set priority for planning and scheduling.

Speakers:

  • Quinton GoForth, GenesisSolutions, An ABS Group Company
  • Kevin Price, Infor
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