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1



Project  Prioritization



Parameters
There are various parameters to prioritize projects on assets
  • Safety
  • Performance
  • Business Interruption
  • Available funding envelope
  • Asset criticality
  • Asset condition

Process

  • A criticality assessment
  • A condition assessment


Matrix
This sheet builds upon the prioritization attributes in sheets 1 & 2. It contains an itemized list of high priority projects for the in-scope facilities, which are organized into four groups as follows:
  • Group 1 - Controlled Run-to-Failure
  • Group 2 - Whole Facility Renewal
  • Group 3 - Maintain Facility Condition 
  • Group 4 - Component Renewal

Fig.

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