Summary
In short
- An asset criticality assessment is an assessment used in KnowMaintain that rates how important an asset is, based on safety, production, quality and cost consequences of failure. It is built against ISO 55001 cl.6.1 and forms part of the Planned Maintenance programme.
- Run at commissioning and reviewed yearly. Carried out by reliability with production.
- The template holds 50 fields across 4 sections.
- Scoring is criticality band, where high is bad.
- ISO 55001 is asset management systems. The international standard for getting value from physical assets across their whole life. Underpins the maintenance templates.
- It connects to the rest of the library: links Asset; drives PM Plan.
What it is
What it is
What is an asset criticality assessment?
An asset criticality assessment is an assessment used in KnowMaintain that rates how important an asset is, based on safety, production, quality and cost consequences of failure. It is built against ISO 55001 cl.6.1 and forms part of the Planned Maintenance programme.
When is an asset criticality assessment completed?
An asset criticality assessment is completed when the task, area or population being assessed is new or has materially changed. Run at commissioning and reviewed yearly.
When to use it
When to use it, and when not to
This assessment is one step in a larger programme. Using it for work that belongs to a neighbouring template produces records that are hard to report on later.
Use it for
- The event or activity this assessment covers has occurred, or is about to
- A new record is needed; each one gets its own ID in the form CRIT-2026-000
- You are running the Planned Maintenance programme and this is one of its steps
- A linked record needs this one to exist: links asset; drives pm plan
Not for
- Asset Commissioning Record, which records that a new asset was installed, tested and handed over correctly.
- Asset Transfer Record, which records an asset moving between locations, departments or sites.
- Asset Disposal Record, which records an asset being taken out of service and disposed of.
- Anything outside KnowMaintain, which belongs in the workspace that owns that process
Standards
What it is built against
ISO 55001Asset management systems
The international standard for getting value from physical assets across their whole life. Underpins the maintenance templates.
ISOInternational Organization for Standardization
A voluntary international standard. Widely adopted, often required by customers, and certifiable where a management system standard.
FAQ
Frequently asked questions
What is the asset criticality assessment template based on?+
It is built against ISO 55001 cl.6.1. ISO 55001 is asset management systems. The international standard for getting value from physical assets across their whole life. Underpins the maintenance templates. ISO is international Organization for Standardization. A voluntary international standard. Widely adopted, often required by customers, and certifiable where a management system standard.
What sections does the asset criticality assessment contain?+
There are 4 sections: header, consequence of failure, likelihood and resilience, rating and consequences. Together they hold 50 fields, 38 of which are required.
How often is an asset criticality assessment raised?+
A new record is raised when the task, area or population being assessed is new or has materially changed. Each one is given an ID in the form CRIT-2026-000, so it can be traced and referenced from other records.
Which programme does the asset criticality assessment belong to?+
It is part of Planned Maintenance. Planned work completed on time, with backlog age visible rather than aggregated away.
How is an asset criticality assessment scored?+
Scoring is criticality band. High is bad. Scores exist to make the form tell you something, not to produce a percentage for its own sake.
Can the asset criticality assessment template be changed?+
Yes. Every field, option, score and conditional rule is editable, and the links to other templates come with it. Most teams install it as it is, run it for a cycle, then adjust.
The agents
What the agents do with it
The form is the easy part. Keeping it current, routing it to the right owner and holding the evidence together is the work that actually slips.
Holds the asset criticality assessment library against your registers, routes each record to its owner, and keeps the evidence trail together.
Coordinates the crew, rolls completion and exceptions into one view, and holds every write for your approval before it touches a record.
This template lives in KnowMaintain — asset maintenance. Work orders, planned maintenance, calibration, reliability and shutdowns.
Meet KnowMaintain→Sources
Sources
- ISO 55001 — Asset management systems
- ISO — International Organization for Standardization