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Incompetent Hosting Providers Pose A Risk To Businesses

Incompetent Hosting Providers Pose A Risk To Businesses – If your business uses assets to deliver a product or service, your dependence on those assets is a risk. Therefore, you run expensive maintenance programs to compensate for this risk.

But how do you measure maintenance cost effectiveness? Are you maintaining the right assets at the right frequency and how much are you spending unnecessarily?

Incompetent Hosting Providers Pose A Risk To Businesses

Incompetent Hosting Providers Pose A Risk To Businesses

In this comprehensive guide, we’ll introduce you to a risk assessment and management method that answers these questions: criticality analysis.

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Criticality analysis (CA) is a structured and systematic method for assessing business risk from asset risk failure. The method is used to measure the criticality of assets to each other. This supports the implementation of plant maintenance strategies based on failure impact.

A structured process removes a lot of subjectivity while optimizing maintenance costs. It helps improve asset availability and reliability, plant safety and equipment performance.

Criticality analysis is not just another maintenance tool to save money in engineering and maintenance. It is a strategic business process that requires the participation and input of many business departments if it is to bring benefits to the entire company.

There are different methods of applying criticality ratings to assets. However, many lack procedural rigor and miss the mark when it comes to improving maintenance results.

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We’ll take a look at some more to give you an idea of ​​what’s out there. You can also use them as a tool until you have enough resources to perform a complete equipment criticality analysis.

This method is subjective and involves maintenance managers ranking all assets according to their perceived criticality and then focusing most maintenance efforts on the top 20% of the list. While failure rates for some assets improve, others will deteriorate due to lack of attention, forcing the maintenance team into a reactive mode.

Like the Pareto method, forced ranking assumes a clear hierarchy of asset criticality, which is not reality. With planned maintenance efforts applied from the top, assets in the lower middle of the list will receive little attention, depending on the workload of the maintenance team.

Incompetent Hosting Providers Pose A Risk To Businesses

The frequency assignment method increases or decreases scheduled maintenance interventions based on the criticality of the asset. However, effective and efficient maintenance is not about how often a piece of equipment is looked at, but about performing the right tasks at a predetermined time.

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Frequency allocation often allows less critical assets to be launched late in scheduled checks or canceled altogether due to time pressure.

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In this scenario, companies assume that all assets are equally important. Based on the mistaken principle that if a little oil is good for something, more must be better, the business gives equal attention to all means.

Besides being very expensive and time-consuming, there is also a sting in the tail. When an asset fails, as it surely will, management will look at the size of the maintenance budget and assume that the maintenance department is incompetent.

Just because a company spends a lot of money on maintenance does not mean that maintenance adds value.

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We will use criticality analysis developed by the US military in the mid-20th century and used in the original method of failure and criticality analysis (FMECA). The army behind the development of this method was to predict and prevent failure, not to fix it after it happened.

The quantitative approach relies on severity rates, component failure rates, and detection metrics, all put into the equation to calculate a risk priority number, as follows:

The following tables show the severity and probability categories used by the Air Force Space Command to perform criticality analysis on spacecraft.

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While the US military used complicated formulas to calculate failure rates and probabilities, you can use this method semi-quantitatively by assigning your own broad scale to the criteria, such as the following example.

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Severity categories may include health and safety, customer satisfaction, environmental or financial impacts, and some comprehensive tables that include all the criteria shown below. The choice of severity category will be based on the greatest impact identified.

Once you have the numbers for each table, you can calculate the RPN funds and classify the risk category.

Creating a table showing the relative RPN ranking of each asset highlights equipment that requires more sophisticated maintenance strategies to avoid failure.

The qualitative approach ignores detection metrics and uses only severity and probability rates to assess risk. This method is widely used, many believe that the disclosure requirements are too confusing and difficult to apply. The equation follows the same format as before.

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Criticality = S x P, where S is the severity of the impact of the failure and P is the probability.

Given the greater simplicity of this method, after assigning severity and probability ratings, a simple matrix can be used with severity on the horizontal axis and probability on the vertical axis. The intersection of these two ratings will show the criticality.

In most companies, green and yellow do not require action. Risk thresholds marked in light orange must be continuously monitored or mitigated. Dark orange and red risks must have actions to reduce them to threshold or below.

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Incompetent Hosting Providers Pose A Risk To Businesses

The matrix you come up with will be different with metrics related to the size of your business. That said, the principle remains the same regardless of your industry.

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The criticality analysis process is essentially a decision-making tool that can be used to manage failure events. As such, it can be broken down into seven steps that you should follow to ensure that the assessment is done correctly and with sufficient rigour.

The value of criticality analysis derives from various inputs from the organization affected by equipment failures. Using only maintenance or engineering personnel to perform studies can skew the data collection process and produce suboptimal results.

Ensure operations, procurement, security, maintenance and engineering personnel form the core of the team. Additional members can be people from finance and logistics.

A common area of ​​discussion is the risk assessment matrix. Team members often disagree on the applied severity ratings, wording, inclusion and exclusion.

How To Perform Criticality Analysis To Prioritize Asset Maintenance

Begin by proposing draft categories and risk matrices and facilitate discussion of the content. Once everyone has input and the appropriate changes are made, you’ll gain greater team ownership of the process and ensure consistency in risk ranking.

The criticality analysis process can be quite complex and time-consuming, so the number of analysis assets is manageable. Target the most critical assets when assessing the risk of failure. Suggestions for the number of appraisal items range from 10% to over 20% of your total assets.

Because the analysis team has different skill sets, it is important to clarify the function of each asset, the quantity used, the priority of the assets and any redundancies that may exist for the item.

Incompetent Hosting Providers Pose A Risk To Businesses

An asset presenting a single point of failure with serious financial impacts will have a different criticality or RPN number than if operations could continue using a backup asset or alternative production methods.

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Identify asset failure modes, the impact of each failure, and the likely rate of occurrence. If you are using the RPN process (quantitative approach), assign detection rates as well.

Using hazard tables, calculate the criticality number for qualitative analysis or the RPN number for quantitative analysis. This process can take time, as each team member will have different opinions about how the failure affects their department and the severity that should be applied. High risk can mean different things to different workers.

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Remember that criticality will be based on the worst outcome. An in-depth analysis of the effects is the first step of the methodology, which leads to the classification of the criticality of each asset.

By aggregating the criticality rating of all assets, you gain a better understanding of where and how you can best allocate resources. Although criticality analysis does not consider failures or multiple failures, risk aggregation can provide information on contingencies suitable for offsetting the various identified potential impacts of failure.

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The result of the criticality analysis can be used to inform different strategies. This may include equipment design, process change, equipment protection, capital expenditures for new equipment, or other positive actions to reduce the severity of failures.

However, when looking to optimize our asset management and maintenance, one of the key areas for improvement is the maintenance, inventory and procurement strategies we employ. There are five maintenance strategies common to most installations:

For those who were interested in the graphic above, check out a detailed comparison of maintenance strategies here.

Incompetent Hosting Providers Pose A Risk To Businesses

Knowing the impacts of individual asset failures, we can analyze whether the current maintenance regime provides effective and efficient mitigation of equipment failures.

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An example might be an asset that is considered less critical due to multiple redundancies. In this case, condition-based maintenance can be excessive, consuming maintenance resources.

You can choose to reduce your asset maintenance strategy to preventive maintenance, performing only lubrication and cleaning tasks. You can also choose to be fully reactive in your maintenance, repairing only when the asset is broken. The final decision will depend on the value of the property and its repair

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