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When you know better you do better
Maya Angelou
CRITICALITY When you know better you do better Maya Angelou - - PowerPoint PPT Presentation
CRITICALITY When you know better you do better Maya Angelou - - PowerPoint PPT Presentation
CRITICALITY When you know better you do better Maya Angelou CRITICALITY OF ASSETS Eric Saylor, Cincinnati, OH Wha hat i t is the the l likelihood tha that a an n asset et w will fa ill fail? il? Wha hat i t is the the c cons
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Wha hat i t is the the l likelihood tha that a an n asset et w will fa ill fail? il? Wha hat i t is the the c cons
- nsequence i
if the the asse asset d does f s fai ail?
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ASSET RISK
PROBABILITY OF FAILURE
CONSEQUENCE OF FAILURE
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FAILURE MODES
MORTALITY LEVEL OF SERVICE CAPACITY FINANCIAL INEFFICIENCY
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FAILURE MODES
MORTALITY
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FAILURE MODES
LEVEL OF SERVICE
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FAILURE MODES
CAPACITY
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FAILURE MODES
FINANCIAL INEFFICIENCY
More to fix than to replace
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ASESSING CONSEQUENCES?
CONSIDER THE TRIPLE BOTTOM LINE
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CALCULATING CRITICALITY
COF= CONSEQUENCE OF FAILURE Criticality = POF X COF
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WAYS TO REDUCE RISK
Routine & Preventative Maintenance Redundancy Spare Parts Specialized Training Replace Assets Early Monitoring
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CALCULATING CRITICALITY INCLUDING REDUNDANCY
COF= COST OF FAILURE Redundancy Factor = RF Criticality = POF X COF X RF
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ASSESSING CRITICALITY: A SIMPLE EXAMPLE
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FACTORS TO CONSIDER FOR
Age of Well Condition of Well Clogging of Well Aesthetic Water Concerns Depth of Well
PROBABILITY OF FAILURE
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Well Name POF Factor Westside Well 4 Eastside Well 2 Northside Well 4 Southside Well 1 Central Well 4
Scores for PoF
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FACTORS TO CONSIDER FOR
Cost of Repair Number of Customers Served Number of Critical Customers Time of Repair Redundancy
CONSEQUENCE OF FAILURE
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Well Name COF Factor Westside Well 4 Eastside Well 4 Northside Well 3 Southside Well 2 Central Well 5
Scores for CoF
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Well Name POF COF TOTAL RISK SCORE Westside Well 4 4 16 Eastside Well 2 4 8 Northside Well 4 3 12 Southside Well 1 2 2 Central Well 4 5 20
Risk Scores for Wells
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Westside Well
PROBABILITY OF FAILURE
CONSEQUENCE OF FAILURE
VISUAL DISPLAY OF EXAMPLE DATA
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DOES IT MAKE SENSE? DO YOU CARRY TOO MUCH RISK, NOT ENOUGH OR JUST RIGHT?
What does the data say?
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Westside Well
PROBABILITY OF FAILURE
CONSEQUENCE OF FAILURE
WHAT IF IT LOOKED LIKE THIS?
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Westside Well
PROBABILITY OF FAILURE
CONSEQUENCE OF FAILURE
Or this?
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CRITICALITY IS NOT STATIC EACH DAY CRITICALITY CHANGES SLIGHTLY NEED TO REASSESS CRITICALITY AT LEAST EVERY YEAR IF NOT SOONER REASSESS WHEN MAJOR CHANGES ARE MADE (UPGRADES, REPLACEMENTS, MAJOR CONSTRUCTION, REHABILITATION, REDUNDANCY ADDED)
CRITICALITY CHANGES
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CRITICALITY IN ACTION
Frank Roth, ABCWUA, Albuquerque, NM
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Tools Available
Criticality of Assets
Allows you to calculate risk for assets
http://southwestefc.unm.edu/asset-management/
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Tools Available
http://southwestefc.unm.edu/asset-management/ Reference Guide for Asset Management Inventory and Risk Analysis
Provides you with lists of characteristics to take into consideration when determining Probability and Consequence of Failure
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