Originally posted by Josh:
Not that I'm aware. Is there a way to calculate criticality? I thought it's yes or no to LOss of HSE. production & Economic? Can I view your Norsok 008? Does it tell how to calculate or you have to come out with your own matrix of risk?
Yes, there are few ways to calculate criticality. I would recommend you start with those two below.
1) MIL_STD 1629A
2) JA 1011 and JA 1012
It is important to understand that there are some similarities between RISK, Criticality and RPN. They have "the frequency criterion" in common. There are much to talk about criticality assessment and analysis, I am new at this forum and I will try to contribute with some of my experience.