How to Develop Critical Asset Performance Standards

Life Cycle Engineering

In this 3-minute, 33-second video, Troy Schwartz of Life Cycle Engineering describes the process of developing critical asset performance standards (CAPS) for integration into a safety and environmental management system (SEMS) as part of an overall risk-based asset management strategy. Learn the different phases of the CAPS development process including how to identify major accident events, analyze safety-critical elements and create maintenance tasks.