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14:00

14:35

July 28, 2025

Optimising Maintenance with Dynamic Equipment Criticality Analysis (ECA): A Data-Driven Approach

Perspective
Asset Stage
Day 01

Prioritising maintenance work is crucial with limited resources, time, and budget. At Woodside, traditional A/B/C equipment classification proved insufficient for managing failure risk across our global fleet of over half a million assets, lacking precision to identify truly critical equipment.

Our solution was developing a dynamic, data-driven Equipment Criticality Analysis (ECA) program that:

  • Evaluates equipment based on 14 key parameters, assigning a score out of 100
  • Integrates with real-time data sources to automatically adjust criticality as conditions change
  • Has successfully analyzed over 200,000 pieces of equipment
  • Transitioned from static to dynamic analysis, ensuring ongoing relevance
  • Reduced overall maintenance hours while maintaining operational safety
  • Optimised resource allocation through improved prioritization
  • Generated cost savings amounting to hundreds of thousands of dollars
Topics:

Asset Data Management: Transforming Data Overload into Strategic Value

Speakers

Shereya Parashar
Shereya Parashar

Reliability SME

Woodside

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See you there!