Asset Management

Criticality Matrix

A criticality matrix is a structured grid used to classify assets or failure modes according to failure likelihood and consequence.

What this term means in maintenance

A criticality matrix is a structured grid used to classify assets or failure modes according to failure likelihood and consequence.

How a criticality matrix works

One axis represents likelihood or frequency. The other represents consequence or severity.

The combination may classify risk as:

  • Low
  • Medium
  • High
  • Critical

Consequence categories

The assessment may consider:

  • Safety
  • Environment
  • Quality
  • Production
  • Compliance
  • Repair duration
  • Financial impact

Practical example

A high-consequence failure with low likelihood may still receive a high criticality because the outcome is unacceptable.

How the matrix is used

Results may influence:

  • Asset criticality
  • PM strategy
  • Spare-parts policy
  • Backlog priority
  • Deferral approval
  • Root cause analysis
  • Inspection depth

Common mistake

A matrix with vague scoring descriptions allows different teams to assign different ratings to the same condition.

How this term differs

Criticality Matrix is the scoring or classification method used to assess criticality. It is related to Asset Criticality, Critical Asset, and Work Order Priority, but these terms describe different records, measures, roles, strategies, or decisions and should not be used interchangeably.

Related maintenance terms

Keep exploring connected CMMS, reliability, and maintenance planning terms.

Criticality Matrix FAQs

What is a criticality matrix?

A grid combining failure likelihood and consequence to classify risk.

What is assessed in consequence?

Safety, environment, quality, production, compliance, recovery, and financial impact.

Why must scoring criteria be clear?

Vague criteria create inconsistent ratings across teams.

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