Master Data GovernanceSTD_2037v1

Asset Criticality Classification

Ensures all physical assets are classified by business criticality (Critical, High, Medium, Low).

Owner: Unassigned

Updated: 10/31/2025

Business Rule

Criticality classification drives maintenance strategies, spare parts stocking, and failure response protocols.

Technical Implementation

Mandatory field in asset master. Based on impact of failure on operations, safety, and revenue.

Examples

Good practices vs common violations

Good Examples

Primary Power Generator: Critical

Backup Generator: High

Office Printer: Low

Poor Examples (Violations)

All assets marked as Critical

no classification

Additional Information

Target Industries

All

Status

active

Local Network

DQ Improvements

Data quality dimensions improved by this standard

Completeness (Data values)

high

The degree to which all required data values are present.

Type: prevents

Relevance

high

The degree to which the composition of datasets meets the needs of the data consumer.

Type: prevents

Quick Stats

Related KPIs0

DQ Improvements2

Versionv1

API Access

GET /api/standards/asset-criticality-classification