Criticality has to do with the effect that an asset has on the organization’s ability to carry out its mission, or the criticality to the sustainability of the organization, while consequence identifies the effect that the loss of an asset would have on the organization

The book is attached. Read Chapter 6.
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“Criticality has to do with the effect that an asset has on the organization’s ability to carry out its mission, or the criticality to the sustainability of the organization, while consequence identifies the effect that the loss of an asset would have on the organization” (Norman, 2016, p.110). The criticality of an asset relates to its importance to the organization. Consequences will be the result of the loss of the asset. To ensure that the assets won’t be an issue to the organization, management needs to consider specific prevention methods to protect the organization from possible threats. All angles need to be analyzed during the risk assessment for the best result.
Criticality measures impact the asset has on carrying out the mission of the organization and sustaining the organization. Criticality measures the importance of the asset. This factor will determine the level of protection the asset need. “Criticality is based on the probability of failure and consequences. Criticality (Risk) can be calculated using the following equation and also by using the risk matrix. Criticality = probability of failure x consequences of failure” (Sorenson, 2015). To analyze the criticality of an asset, the senior manager needs to understand how critical the asset is. One needs to question if the asset is needed for everyday use, whether or not the operation could continue or be diminished. The senior manager needs to also analyze if there is an affordable work- around that could be arranged if there was a loss of assets.
Despite the value of an asset, consequences are bound to occur. Consequences are usually consisting of economic, safety, and environmental-related incidences, etc. According to the text, the severity of possible consequences may cause damages such as mass casualties, loss of property, loss of production of proprietary information, environmental impact, and loss of business reputation (Norman, 2016, p.112). When measuring the consequences of an asset it is best to determine what could happen and what methods can be taken to prevent that issue.

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The terms, criticality and consequences, have dissimilar roles that are sometimes confusing for some consultants in the area of focus. Criticality has to do with the effect that an asset has on the organization’s ability to carry out its mission (Norman, 2016). In other words, criticality is used to identify vital assets of the organization’s structures, operations and procedures and potential infliction by actors with least effort, it is regarded important to prioritize in order to best protect against threats. As per Espiritu et al. (2007), indicate criticality measure are useful tools for prioritizing reliability improvement activites and identifying weak links in the systems. According to Norman (2016), indicate there are three measures of criticality such as: 1)criticality to operations, the impact that an asset actually has on the carrying of the mission of the organization; 2) Criticality to sustainability, measure of how important the asset is to the sustainability of the organization; 3) the cost to the organization to replace the asset if lost. According to Espiritu et al. (2007), specify criticality measures are useful in establishing direction and prioritization of actions related to a system design upgrade effort and recommends the most efficient way to operate and maintain system status. Criticality analysis involves labeling criticalities using the scale ranging 0-10 such as: 0.absolutely not critical to the mission; 1.not critical, but helpful to operations; 3.somewhat critical, but operations would be seriously impacted; 5.critical, but operation could continue at diminished capacity; 7.very critical, but operations could continue for up yo several days; 10. absolutely critical to daily operations (Norman, 2016). Following that, an, X next must be placed next to each asset in the appropriate criticality ranking to determine which should receive the most attention (Norman, 2016). Moreover, consequence identifies the effect that the loss of an asset would have on the organization (Norman, 2016). The use of this is to provide the severity of consequences to senior management on what could happen, thus, better choices can be made in company to protect the organization. Consequence analysis involves scores ranging from 1 (least severe) to 10 (worst) for each asset’s consequence to determine which assets have the greatest consequences (Norman, 2016).

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