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A Bibliographic Review of Trends in the Application of ‘Criticality’ Towards the Management of Engineered Assets

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Asset Intelligence through Integration and Interoperability and Contemporary Vibration Engineering Technologies

Part of the book series: Lecture Notes in Mechanical Engineering ((LNME))

Abstract

Increasing budgetary constraints have raised the hiatus for allocation of funding and prioritisation of investments to ensure that long established and new assets are in the condition to provide uninterrupted services towards progressive economic and social activities. Whereas a key challenge remains how to allocate resources to adequately maintain infrastructure and equipment, however, both traditional and conventional practices indicate that decisions to refurbish, replace, renovate, or upgrade infrastructure and/or equipment tend to be based on negativistic perceptions of criticality from the viewpoint of risk. For instance, failure modes, failure effects, and criticality analyses is well established and continues to be applied to resolve reliability and safety requirements for infrastructure and equipment. Based on a bibliographic review, this paper discusses trends in meaning, techniques and usage of the term ‘criticality’ in the management of engineered assets that constitute the built environment. In advocating the value doctrine for asset management, the paper proposes a positivistic application of criticality towards prioritisation of decisions to invest in the maintenance of infrastructure and equipment.

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Acknowledgements

The research work was performed within the context of Sustain Owner (“Sustainable Design and Management of Industrial Assets through Total Value and Cost of Ownership”), a project sponsored by the EU Framework Programme Horizon 2020, MSCA-RISE-2014: Marie Skłodowska-Curie Research and Innovation Staff Exchange (RISE) (grant agreement number 645733—Sustain-Owner—H2020-MSCA-RISE-2014). We thank the Petroleum Technology Development Fund (PTDF) Nigeria, for sponsorship of the 1st author’s PhD research.

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Authors and Affiliations

  1. Institute for Manufacturing, University of Cambridge, 17 Charles Babbage Road, CB3 0FS, Cambridge, UK

    Joel Adams & Ajith Parlikad

  2. Department of Engineering and Technology Management, Graduate School of Technology Management, University of Pretoria, Pretoria, South Africa

    Joe Amadi-Echendu

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  1. Joel Adams
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Correspondence to Joe Amadi-Echendu .

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Editors and Affiliations

  1. The Asset Institute, Queensland University of Technology, Brisbane, QLD, Australia

    Joseph Mathew

  2. Department of Architecture and Civil Engineering, City University of Hong Kong, Hong Kong SAR, China

    C.W. Lim

  3. School of Chemistry, Physics, Mechanical Engineering, Queensland University of Technology, Brisbane, QLD, Australia

    Lin Ma

  4. Synengco Pty Ltd, Highgate Hill, QLD, Australia

    Don Sands

  5. School of Chemistry, Physics, Mechanical Engineering, Queensland University of Technology, Brisbane, QLD, Australia

    Michael E. Cholette

  6. School of Mechanical and Manufacturing Engineering, UNSW Sydney, Sydney, NSW, Australia

    Pietro Borghesani

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Adams, J., Parlikad, A., Amadi-Echendu, J. (2019). A Bibliographic Review of Trends in the Application of ‘Criticality’ Towards the Management of Engineered Assets. In: Mathew, J., Lim, C., Ma, L., Sands, D., Cholette, M., Borghesani, P. (eds) Asset Intelligence through Integration and Interoperability and Contemporary Vibration Engineering Technologies. Lecture Notes in Mechanical Engineering. Springer, Cham. https://doi.org/10.1007/978-3-319-95711-1_2

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