Condition scores can reveal change but cannot determine maintenance priorities alone. The same failure can have different consequences depending on network position, load and redundancy. Asset strategy must combine engineering evidence with business impact.
01Establish asset criticality
Connect each asset to the service it supports. Assess safety, supply, environmental and business consequences, including redundancy and contingency arrangements.
02Compare strategy options
Use defects, condition, failure modes and data confidence to compare preventive, condition-based, renewal and replacement options, explaining trade-offs in cost, risk and feasibility.
03Close the feedback loop
Translate strategy into budgets, work orders and spares. Retain actual findings and intervention results, periodically revisiting risk assumptions and resource priorities.
Work products
Asset-criticality and risk map
Tiered maintenance and renewal strategies
Execution and feedback rules
What to measure
- Service-risk exposure
- Track changes in critical-service risk and supporting evidence using consistent definitions.
- Strategy execution effectiveness
- Check whether critical work is delivered and verified against risk requirements, beyond work-order counts.
Risk models do not replace statutory inspections, engineering standards or qualified site judgement.