Condition Based Risk Management Criticality Assessment
Electricity North West Limited
Electricity North West Innovation Team
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Innovation Funding Incentive
LV & 11kV Networks
The key elements of this approach are investment, maintenance, operation
and service and their effect on company risk and profit. Criticality
assessment helps to identify the optimum intervention strategy for an asset, a
combination of investment in new assets, maintenance and operation to
deliver the desired level of service for the business.
Assisting with the implementation of the Condition Based Risk Management (CBRM)
Methodology by better understanding the criticality of various parts of the