Know Your Risks. Prioritize What Matters.
Data-Driven Risk Assessment for Smarter Capital Decisions
Calculate objective risk scores using Consequence x Likelihood of Failure across six impact dimensions. Stop replacing assets by age alone—prioritize the highest-risk assets first.
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
Critical assets fail before replacement, causing injuries or fatalities
Wasted Capital
Replacing low-risk assets while high-risk assets continue operating
Service Disruptions
Unplanned outages from critical asset failures that should have been prioritized
5x5 Risk Matrix: Prioritize High-Risk Assets Efficiently
AssetLab plots every asset on a 5x5 matrix by Consequence of Failure (vertical) x 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.
Understanding Consequence x 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.
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.
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.
Assets at 100%+ lifecycle contribute to deferred cost
Some assets are past their lifetime and need replacement. Normal aging. Capital planning should address backlog within 3-5 years.
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."
"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."
"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%."
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