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Importance of Asset Criticality Tags in the Wastewater Industry

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How thorough are you about the condition of the assets in your wastewater plant? Your plant must have a massive load of machinery and other related assets, and do you honestly think you can keep the condition of them in your files? Asset performance is the number one factor when it comes to the overall productivity of a wastewater treatment plant. Therefore, how about getting a full-scale investigation of the assets from time to time and giving them tags based on the score they receive? This is where the asset criticality tags play a vital role as the best solution for ageing assets and their fading performance.

In this article, we will explore the importance of asset criticality analysis through scores and identify their condition based on the criticality tags.

What are Asset Criticality Scores and Tags?

Importance of Asset Criticality Tags in the Wastewater Industry
  • There are many types of criticality levels, and if you need to identify which type your assets in the wastewater plant belong to, then you must conduct a criticality assessment in the first place. 

  • But what is the point of doing that? Let us explain this. Criticality analysis is where you assess the importance of assets within a system, considering their impact on operations if they fail. It evaluates factors like functionality, reliability, safety, and environmental impact, assigning a score to each asset.

  • As the third stage in this whole process, the system can tag your assets based on the results it receives through the analysis. For example, this score indicates if an asset is high, medium, or low critical. When the system marks assets according to their criticality score, tagging makes it more efficient when it comes to asset management. This process must be followed to ensure that essential assets receive the maintenance and repair they require by defining priorities for resource allocation, risk mitigation, and maintenance tasks.

  • On one hand, tagging assets according to their criticality assists in strategic decision-making as well. This strategy helps authorities in the wastewater plant establish a focused maintenance routine, compliance adherence, and overall operational improvements to make sure their business mission is uninterrupted.

  • As you can see, asset criticality analysis followed by tagging enhances system reliability and minimise downtime while optimising resource utilisation in critical infrastructure like wastewater plants.

Understanding the Importance of Asset Criticality Tags in the Wastewater Industry

Importance of Asset Criticality Tags in the Wastewater Industry
Prioritising Maintenance
It is true that every wastewater plant sees an uncountable number of maintenance requirements per year. However, if you have not defined what should be receiving more attention, you might miss some highly critical assets when you focus on the ones that have simple issues. Asset criticality analysis plays a key role in prioritising maintenance by assessing the significance of each asset for operational continuity. It is possible to strategically direct maintenance activities by giving criticality scores and identifying assets accordingly.

How does this process work? High-criticality assets, which are necessary for continuous operations, are given careful consideration, ensuring quick inspections and preventive maintenance. This focused strategy optimises the use of labour and resources while reducing the possibility of faults that might degrade critical system operations.

It is evident that prioritising maintenance based on criticality not only enhances asset reliability and longevity but also minimises downtime, ensuring that critical infrastructure in wastewater plants operates full-scale to maintain unchallenged functioning.
Staying Away from Machinery Failures
It is highly discouraging to see the work disturbed by unexpected downtime, isn’t it? This is the same for the Australian wastewater industry, as it caters to a massive population per year.

Conducting asset criticality analysis and tagging assets accordingly can give you 200% effectiveness in the wastewater treatment industry if you want to steer clear of machinery failures. Identifying critical assets through analysis helps in focusing preventive maintenance efforts on these crucial components. When the system assigns tags based on criticality, your attention is directed to high-risk assets. That means you pay more attention to regular inspections, proactive maintenance, and swift interventions when necessary.

Experts believe this approach significantly reduces the likelihood of machinery failures within wastewater treatment plants. It is quite visible that this effort minimises unexpected breakdowns, optimises equipment lifespan, and maintains the continuous functioning of critical systems. As the best outcome, criticality inspections coupled with tagging help avoid machinery failures, ensure smooth operations, and safeguard the integrity of the treatment processes for smoother functioning.
Saving Money and Time
No matter what the industry is, authorities always focus on one thing: profit! If you consider asset criticality analysis, coupled with tagging assets accordingly, you will undoubtedly find it beneficial in saving both money and time in the wastewater treatment industry.

Do you know why? That is because when categorising assets based on criticality, you receive the ability to allocate your resources more efficiently, focusing efforts on high-priority components. For example, what would happen when you allocated six employees to fix a machine when you could do the same by allocating two of them? It is a total waste of money and time. Do you agree?

When you are empowered by systems that tag your assets based on their criticality, you know how many employees and hours should be allocated to complete this task. Plus, When keeping essential assets in good condition, you can reduce unplanned malfunctions and downtime that could cause disruptions to various processes. This preventative strategy saves a significant amount of time and money by eliminating the need for emergency repairs while also improving equipment dependability.

Also, plants can improve workflow efficiency and resource utilisation when they simplify maintenance plans and interventions using criticality identification or tags. In the end, you are offered time savings, cost reduction, and seamless operation of wastewater treatment operations to ensure you receive maximum ROI.
Long-Term Asset Management
There is no need to say that the longevity of your assets is the main expectation when you purchase them to expedite wastewater operations. You surely expect your assets to last at least 15–20 years. Since you have invested millions of dollars in one single asset, this is highly reasonable.

Let us explain how this occurs. The process of examining an asset’s criticality makes it possible to pinpoint the essential elements required for ongoing operations. Plants are able to establish long-term maintenance plans that target high-priority assets by classifying these assets according to their criticality. This process permits preventive upkeep and quick measures that extend the life of your key equipment. It also makes predictive maintenance techniques possible, which lowers the frequency of replacements and significant repairs before they become a total burden.

Therefore, it is completely justified to state that the implementation of criticality tagging when it comes to long-term asset management ensures the most efficient use of available resources. This also lowers total operating expenses and improves the dependability and performance of wastewater treatment systems. In today’s competitive world, this systematic strategy helps to manage infrastructure sustainably by ensuring the longevity and continuous functioning of assets in wastewater treatment plants.

Technologically Evaluating Asset Criticality for Better Performance

Importance of Asset Criticality Tags in the Wastewater Industry

We are sure that you have understood the importance of knowing your assets more closely when getting maximum benefits out of them. When you have an excellent software solution that can provide you with asset inspections, scores, and criticality tags, you are armed to walk an uninterrupted journey. However, holding hands with a reputed software provider is the best answer to all your concerns regarding the reliability of the system you purchase.

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