WEBINAR | Determining the Risk: Asset Management Risk Analysis Discussion and Available Tools
About this Resource:
One of the five core components of Asset Management is to determine the criticality of each of your assets. This can be accomplished by completing a risk analysis, which requires you to ask two questions about each asset:
How likely is it that the asset will fail?
What are the consequences if the asset does fail?
This webinar includes a discussion about completing an asset risk analysis, and reviewd a newly developed tool that can assist you in determining what factors to consider when evaluating probability of failure and consequence of failure by asset category.