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    CoF × LoF Scoring
    5×5 Risk Matrix
    FCI Analysis
    Multi-Dimensional

    Know Your Risks. Prioritize What Matters.

    Data-Driven Risk Assessment for Smarter Capital Decisions

    AssetLab's risk management combines Consequence of Failure × Likelihood of Failure to calculate objective risk scores across six impact dimensions: Safety, Service, Environmental, Financial, Regulatory, and Reputation. Replace guesswork with quantified risk. Stop replacing assets by age alone. Prioritize the highest-risk assets first.

    6
    Impact Dimensions
    5×5
    Risk Matrix
    40%
    Fewer Emergencies
    FCI
    Condition Tracking

    The Cost of Blind Decisions

    Without risk assessment, you're replacing assets by age alone—wasting capital on low-risk assets while critical failures wait to happen.

    Safety Incidents

    Preventable

    Critical assets fail before replacement, causing injuries or fatalities

    Wasted Capital

    $2.3M avg

    Replacing low-risk assets while high-risk assets continue operating

    Service Disruptions

    72 hours

    Unplanned outages from critical asset failures that should have been prioritized

    The 5×5 Risk Matrix

    AssetLab plots every asset on a 5×5 matrix by Consequence of Failure (vertical) × Likelihood of Failure (horizontal). Risk scores from 1-25 instantly show which assets need immediate attention.

    Click any cell to see what that risk level means for your organization.

    Very Low
    Low
    Medium
    High
    Very High
    Critical
    High
    Medium
    Low
    Very Low
    ← Likelihood of Failure →
    ↑ Consequence of Failure ↑

    Understanding Consequence × Likelihood

    Risk isn't just about age or condition. It's about what happens if an asset fails (Consequence) and how likely that failure is to occur (Likelihood).

    Consequence of Failure: What Happens If It Breaks?

    AssetLab evaluates consequences across six critical dimensions. A water main break scores high on all six dimensions—a desk lamp scores low on most.

    Safety
    Injuries, fatalities, hazardous conditions. Fire suppression systems score HIGH.
    Service Disruption
    Duration of downtime, number of people affected. Main chillers score HIGH.
    Environmental
    Spills, contamination, ecological damage. Fuel storage tanks score HIGH.
    Financial
    Emergency repair costs, revenue loss. Critical production assets score HIGH.
    Regulatory
    Fines, violations, permits at risk. Fire safety equipment scores HIGH.
    Reputation
    Media coverage, public trust, stakeholder confidence. Public-facing assets score HIGH.

    Pro Tip: Two assets can be the same age and condition, but have wildly different consequences of failure. A backup pump and a primary pump are identical—except one failure stops operations.

    Facility Condition Index (FCI)

    Track Portfolio Health with FCI

    FCI measures overall portfolio condition by dividing Deferred Maintenance Cost by Current Replacement Value. AssetLab calculates FCI automatically at site, building, and system class levels.

    FCI Formula
    Deferred Maintenance Cost ÷ Current Replacement Value

    Assets at 100%+ lifecycle contribute to deferred cost

    Fair Condition (5-10% FCI)

    Some assets are past their lifetime and need replacement. Normal aging. Capital planning should address backlog within 3-5 years.

    Example: $1.2M deferred maintenance ÷ $15M replacement value = 8% FCI

    Complete Risk Management Tools

    Everything you need to assess, track, and mitigate asset risk.

    Risk Heat Maps

    Visual heat maps show portfolio risk distribution instantly. Color-coded quadrants make it obvious which assets need attention.

    Risk Ranking Tables

    Sort assets by risk score to prioritize capital budgets. Export ranked lists for board presentations and capital planning.

    Criticality Ratings

    Flag mission-critical assets whose failure would severely impact safety, operations, or compliance. Guide PM frequency and spares stocking.

    Risk Concentration Analysis

    Identify risk concentration by site, building, or system. Avoid having all high-risk assets in one location or system.

    Mitigation Tracking

    Document risk mitigation actions: maintenance, inspections, repairs. Track before/after risk scores to prove ROI.

    FCI Forecasting

    Project FCI into the future based on asset lifecycles. Show boards how deferred maintenance grows without capital investment.

    Custom Risk Criteria

    Define organization-specific risk scoring and impact thresholds tailored to your risk tolerance and regulatory requirements.

    Risk Reports

    Generate professional risk assessment reports for boards, insurers, and auditors with risk profiles and mitigation strategies.

    Multi-Level FCI

    Calculate FCI at portfolio, site, building, and system class levels. Drill down to identify specific problem areas.

    Risk Management in Action

    Real scenarios showing how risk-based prioritization prevents incidents and optimizes capital spending.

    Municipal Infrastructure

    City has $12M capital budget but $45M in aging assets. Risk matrix shows 23 critical-risk assets (CoF=5, LoF=5). Council approves replacing all 23 critical assets first—preventing 3 potential safety incidents and a major water main failure.

    Healthcare Facility

    Hospital risk assessment identifies emergency generator with Critical risk score (CoF=5, LoF=4). Generator is only 8 years old but shows poor condition. Replaced before failure—avoided 72-hour emergency power loss during winter storm.

    Manufacturing Plant

    FCI analysis shows HVAC system at 28% FCI (Poor condition). Risk scoring identifies 3 critical chillers. Production manager prioritizes these 3 for immediate replacement. Other 12 chillers continue operating safely. $2.1M saved vs replacing all 15 units.

    Educational Institution

    University has 350 assets past expected lifetime. Risk ranking sorts by consequence—identifies 45 safety-critical assets (fire systems, elevators, lab equipment). Board approves accelerated replacement for these 45. Remaining 305 assets managed on normal schedule.

    Proven Risk Management

    "Risk scoring completely changed how we justify capital budgets. We show the board a risk matrix with critical assets highlighted. They approve replacements immediately when we demonstrate safety or service risk. No more arguing about age vs condition."

    Jennifer Walsh
    Director of Facilities, Healthcare System
    $8.5M Approved

    "The FCI forecast was a wake-up call for our council. We showed them FCI going from 12% to 35% over 5 years without investment. They approved a $15M capital program to address the backlog. Data wins arguments."

    Robert Thompson
    Public Works Manager, Municipal Government
    15% FCI Reduction

    "We identified 8 critical-risk assets using consequence scoring—all safety-critical fire suppression equipment. Accelerated replacement prevented what could have been catastrophic failures during inspections. Our insurance company reduced premiums 12%."

    Michael Zhang
    Operations Director, Commercial Property Portfolio
    12% Lower Premiums

    Replace Risk with Data

    Join organizations across Canada using AssetLab to prevent safety incidents, optimize capital spending, and demonstrate risk management compliance.

    Risk matrix included
    FCI tracking automatic
    No credit card required

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