Criticality analysis is a tool used to evaluate how equipment
failures impact organizational performance in order
to systematically rank plant assets for the purpose of
work prioritization, material classification, PM/PdM development
and reliability improvement initiatives [9]. In
general, failure modes, effects and criticality analysis
(FMEA/FMECA) requires the identification of the following
basic information in Table 1. In Figure 4, algorithm
for the calculation of equipments criticality is presented.
This figure shows the calculation steps of the
equipments criticality