WEBINAR 06: Calculating Asset Health and Risk using CNAIM: Part 5 - Criticality, Risk and Reporting
16 November 2023
The final stage in the CNAIM uses the outputs from the Consequences of Failure to create the Criticality and combines this with the outputs from the Health Index assessment which is then used to create risk. We look at how Risk is used to report current and future asset states and what happens when investment takes place. We will break this down into the following modules:
- Criticality Index
- Current Risk
- Long-Term Risk
- Risk Index
- Reporting Current and Future Outputs
The webinar will consider the asset input data, the algorithms, and the calibration data. We will demonstrate the processes with worked examples and discuss how different inputs could be used to localise the methodology for use in non-British environments and for other asset types.
This interactive webinar will last for around 50 minutes with time at the end for questions and answers.
- Understand the mechanisms used to create Criticality, Risk, and Reporting and the differences between the CNAIM Methodology versions.
- Explore the algorithm process and understand how the calibration operates.
- Assess how to apply the initial health score to other environments and other asset categories.