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Risk Matrix
The LSM plant risk assessment tool serves the primary task of classifying the frequency of occurrence of identified plant risks and the respective extent of damage of these risks and visualising them taking into account the criticality of the plant.
The chosen methodology of this classification and assessment offers the advantage of comparability between the systems under consideration and enables a targeted approach from a practical point of view, which takes into account the level of knowledge and experience of the employees. This makes it an essential and easy-to-use tool for decision-making in plant management, which supports the evaluation of multiple plants and spare parts and subsequently contributes to increasing the efficiency and effectiveness of maintenance management in an environment of increasing challenges.
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