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The Impact of Using Criticality and Risk Analysis on the Organizations Asset Management
ISSN: 2676 - 7317
Publisher: author
The Impact of Using Criticality and Risk Analysis on the Organizations Asset Management
Indexed in
Technology and Engineering
ARTICLE-FACTOR
1.3
Article Basics Score: 3
Article Transparency Score: 2
Article Operation Score: 3
Article Articles Score: 3
Article Accessibility Score: 3
SUBMIT PAPER ASK QUESTION
International Category Code (ICC):
ICC-1802
Publisher: Bi- Quarterly Journal Of Research In Defense Maintenance E..
International Journal Address (IAA):
IAA.ZONE/267640487317
eISSN
:
2676 - 7317
VALID
ISSN Validator
Abstract
The role of asset management (AM( as a strategic enabler contributing to the current competitive business landscape is rapidly evolving. The emergence of the AM professional has transitioned the maintenance engineer from a role whose primary responsibility is repair to that of a strategic value enhancer. This means AM professionals are now tasked with delivering strategic asset value contributions in alignment with their organization’s overall business objectives. the discipline of AM has evolved rapidly in the last few years. Unfortunately, some areas of the AM BOK have not kept up with this frenetic pace of change. A notable example is criticality and its continued use and misuse throughout literature. The confusion surrounding criticality is largely due to its synonymous use with risk, as well as the fact that both terms have an identical mathematical expression. This paper discusses the criticality for asset management professio...
