Webinar: Determining the Risk: Asset Management Risk Analysis Discussion and Available Tools

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 reviews 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.