With tens of thousands of assets and ever-limited resources prioritizing risk analysis, strategy development and maintenance is crucial for today's manufacturing and production companies. These companies need to assess what is most critical to meeting their production and safety goals. They need to be able to rationalize why each asset is critical and communicate this across the entire organization.

Meridium Asset Criticality Analysis (ACA) provides a standard approach for assessing the criticality of systems, functional locations and equipment, leveraging Meridium's configurable risk matrix as the tool for determining criticality. Meridium ACA can import systems, functional locations and equipment from Meridium's Hazards Analysis application with the associated unmitigated risk as part of expediting the criticality analysis process. Asset Criticality Analysis also ensures that the Hazards Analysis risks align with the criticality analysis. The results of the Asset Criticality Analysis can also be used to initiate an asset strategy and may be imported to Meridium Asset Strategy Management application to generate definition and unmitigated risks of new system and asset strategies.