Asset Criticality Ranking Tool Overview

Asset Criticality Ranking

A Best Practice Overview

Asset Systems Strategy

Reliability & Technology & Process

Asset Criticality Ranking Overview

What is Asset Criticality Ranking (ACR)?
• A tool used to evaluate how asset failures impact 
organizational performance
• Provides reliability leaders a detailed profile of characteristics 
that makes each asset critical
• Provides focus to ensure that reliability improvements are 
made based on calculated risk rather than perception:
– Safety and Environmental Impact
– Operational Throughput
– Maintenance Costs
– Utilization Rate
• Allows for the systematic ranking of assets for prioritization 
of all efforts

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Asset Criticality Ranking Tool Overview

Asset Criticality Ranking Overview

Benefits to ACR
• Primary mechanism needed to prioritize improvement 
activities when time and resource availability are limited
• This prioritization should be applied to Continuous 
Improvement efforts
– PM Optimization (PM and PdM Development)
– Bill of Material Development (to include Critical Spare Parts)
– Capital Investments
• This prioritization should also be applied to Daily 
Management of the CMMS Workflow Process
– Planning
– Scheduling
– Material Procurement

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Asset Criticality Ranking Overview

Critical Success Factors
• The ACR process is made up of two phases
• The first phase is the initial analysis which requires cross‐
functional input from Operations, Maintenance, Engineering, 
Quality, and EH&S
– This cross‐functional analysis is required to ensure an accurate 
criticality ranking as well as gain buy‐in and overcome perceptions of 
criticality
• The second phase is evergreen, meaning that the criticality 
ranking process must be maintained and reevaluated 
throughout the asset’s lifecycle (approximately every 12‐18 
months or as triggered)
– This is done to determine when risk has been mitigated and the 
significance of each asset has changed

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Asset Criticality Ranking Tool Overview

Asset Criticality Ranking Overview

ACR Strategy Development
1. Determine the Components for ACR
– Asset Business Impact / Asset Reliability Impact
2. Determine the Factors for each Component
– Operational Throughput / Utilization / Quality / Detection Risk / etc.
3. Determine the Criteria and Scoring for each Factor
4. Determine the Weighting for each Factor
5. Determine the Scoring Calculation for each Component
6. Determine the Scoring Calculation for ACR
– Utilize Range Scaling if needed
7. Determine ACR Score groupings for bulk analysis
– Classification / Percentile / Quartile

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Asset Criticality Ranking Framework

ACR Framework Breakdown

Asset Criticality Ranking

Component #1 Component #2

Factor  Factor  Factor  Factor  Factor Factor Factor  Factor Factor

Score
A B C D E F G H I
Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria 
1 #1 #1 #1 #1 #1 #1 #1 #1 #1
Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria 
2
#2 #2 #2 #2 #2 #2 #2 #2 #2
Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria 
3
#3 #3 #3 #3 #3 #3 #3 #3 #3
Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria  Criteria 
4
#4 #4 #4 #4 #4 #4 #4 #4 #4

Component #1 Score  =  A * B * C * D * E Component #2 Score =  F * G * H * I

ACR Score  =  Component #1 Score  +  Component #2 Score

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Asset Criticality Ranking Tool Overview

Asset Criticality Ranking Framework

Asset Business Impact Score

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Asset Criticality Ranking Framework

Asset Reliability Impact Score

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Asset Criticality Ranking Tool Overview

Asset Criticality Ranking Framework

ACR Weighting Factors

• Factor Weighting allows for specific factors to be weighted 
heavier than others

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Asset Criticality Ranking Framework

ACR Tool

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Asset Criticality Ranking Tool Overview

Asset Criticality Ranking Framework

ACR Classification

• Classifying (or Grouping) your Assets based on ACR is a 
primary mechanism used for prioritization
• Beyond basic Classification as shown above, your Assets can 
be sorted by ACR Percentile and ACR Quartile

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Asset Criticality Ranking Framework

ACR Execution Process Map

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Asset Criticality Ranking Tool Overview

Applying Asset Criticality Ranking to the CMMS

Work Order Priority & Work Order Criticality

Work Order Priority 
combined with Asset 
Criticality Ranking 
allows for a quick and 
efficient distribution of 
Work Orders using WO 
Criticality.

WO Priority + ACR = WO Criticality
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Applying Asset Criticality Ranking to the CMMS

ACR for Planning

Utilize ACR to rank your 
Assets, driving priority 
for Work Orders that 
require PLANNING in the 
CMMS.

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Asset Criticality Ranking Tool Overview

Applying Asset Criticality Ranking to the CMMS

ACR for Scheduling

Also utilize ACR to prioritize Work Orders for SCHEDULING in the CMMS.

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Applying Asset Criticality Ranking to the CMMS

ACR for PM Optimization

Input your developed 
PM’s and associated 
Job Plans from your 
ACR based PM 
Optimization effort 
into the CMMS .

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Asset Criticality Ranking Tool Overview

Prioritizing Improvement Efforts

Applying ACR to your Asset Health Plan

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Prioritizing Improvement Efforts

Applying ACR to your Reliability Strategy

ACR Quartile PMO FMEA Operator Care Run to Failure Critical Spares

1 X X X X
2 X X X
3 X X
4 X X

Thermal  Ultrasonic  Vibration 

ACR Quartile Motor Analysis Oil Analysis
Analysis Analysis Analysis

1 X X X X X
2 X X X
3 X X
4

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Asset Criticality Ranking Tool Overview

Prioritizing Improvement Efforts

Applying ACR to your PdM Strategy
Point (P)
Potential Failure begins Early Signals
detected by PdM P‐F Curve
Optimized
Condition
Audible
Noise

Hot
Condition

Surface

“Life is better at the top 
of the curve!”
Point (F)
Functional Failure occurs

Time
P‐F Interval
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Achievable Benefits using Asset Criticality Ranking

EAM Strategy Benefits
• Eliminate wasted maintenance labor hours on tasks of low 
relative importance
• Prevent critical tasks being lost in the maintenance backlog
• Improve level of satisfaction with the operations team
• Improve the confidence in the organization with the 
effectiveness of the maintenance delivery functions
• Work orders are now executed based on the asset’s effect on 
the overall operation
• Provide a prioritized list of assets for capital replacement and 
redesign

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