Consequence-of-Failure Analysis

What it is

Evaluate what actually happens if an asset fails — including safety, environmental, production, and financial consequences.

Why it matters

Probability is only half the risk equation; consequence drives prioritization and investment.

Benefits

• Sharper prioritization of risk and reliability work
• Defensible business justification for spend
• A clear link between reliability and business value

When to engage

Before criticality reviews, maintenance strategy work, or capital improvement decisions.

How Perennial Innovation delivers

PI quantifies consequences in defensible business terms and links them directly to priority and capital decisions.