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News Advisory

Asset Criticality Ranking Tool Awarded 2015 Solution Award

July 8, 2015

ABS Group is proud and honored to be the recipient of the 2015 Solution Award for Reliability Engineering for Maintenance (Software) for its Asset Criticality Ranking Tool.

The tool is utilized for ranking assets based on their criticality to the business or operation, and product deliverables include:

  • Evaluation of how asset failures impact organizational performance
  • Provision of detailed profiles of characteristics that makes each asset critical
  • Allowance for systematic ranking of assets for prioritization efforts

Award categories are based on the Uptime® Elements™ Reliability Framework for Asset Performance, an internationally recognized system designed to deliver triple bottom line value in the areas of economic prosperity, environmental sustainability and social responsibility.

Dedicated to rewarding innovation in asset performance management, the Solution Awards acknowledge companies who are committed to delivering the best in their industry.

Reliabilityweb.com, Uptime Magazine and the Association of Asset Management Professionals announced the winners of the 2015 Solution Awards on Wednesday, July 8th. The awards will be distributed at the Solutions 2.0 conference on Monday, August 3rd in Houston, Texas.

 

About ABS Group

ABS Group of Companies, Inc. (www.abs-group.com), through its operating subsidiaries, provides technical advisory and certification services to support the safety and reliability of high-performance assets and operations in the oil, gas and chemical, power generation, marine, offshore and government sectors, among others. Headquartered in Houston, Texas, ABS Group operates with more than 1,500 professionals in over 30 countries. ABS Group is a subsidiary of ABS, a leading marine and offshore classification society.

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