Article1 min read Mar 2, 2023How to Document Cost-Effective Maintenance Tasks Part 4: Criticality AnalysisPart 4 of this series will cover how to decide what PMs we should document first, and typically we do a criticality analysis. As we like to say at IDCON: Keep it simple. It is best to keep the criticality analysis as simple as possible. As with any type of criticality analysis, the formula is Risk x Consequence. The “risk” represents the probability of the failure or breakdown occurring, and the “consequence” could refer to safety, environmental, high cost, lost production, etc.
