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An Example Prioritization Scheme

There is no one correct way to prioritize your assets. Most often, assets are prioritized based on their remaining useful life. However, this is not the only way to prioritize your assets and may not be the best way for your system.

One possible prioritization scheme, in order from most critical assets to the least critical:

  1. Existing threat to public health, safety, or environment
  2. Potential public health, safety, or environmental concern
  3. Internal safety concern or public nuisance
  4. Improved system operations & maintenance (O&M) efficiency
  5. It would be nice to have...

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Step 2 – How Do I Prioritize My Assets?   Worksheet Introduction