New Mexico Environmental Finance Center

A. Does the organization have a process to assess the probability of failure of assets?
(Click on the answer that most accurately describes your situation.)

0	The organization has no process to assess the probability of failure of assets. (0 points)
1	The organization has developed a process for establishing the probability of failure but has not yet begun to use it. (1 point)
2	The organization has established the probability of failure for less than 50% of the assets. (2 points)
3	The organization has established the probability of failure for more than 50% of the assets. (3 points)
4	The organization has established the probability of failure for all¹ of the assets. (4 points)
5	The organization has established the probability of failure for all¹ of the assets and uses the information in operating and managing the system. (5 points)

¹All refers to greater than 90% of the assets.

B. Does the organization have a process to assess the consequence of asset failure?
(Click on the answer that most accurately describes your situation.)

0	The organization has no process to assess the consequence of failure of the assets. ( 0 points)
1	The organization has developed a process for establishing the consequence of failure but has not yet begun to use it. ( 1 point)
2	The organization has established the consequence of failure for less than 50% of the assets. ( 2 points)
3	The organization has established the consequence of failure for more than 50% of the assets. ( 3 points)
4	The organization has established the consequence of failure for all1 of the assets. ( 4 points)
5	The organization has established the consequence of failure for all1 of the assets and uses the information in operating and managing the system. ( 5 points)

C. Does the organization have a process to rank assets according to the likelihood and consequences of asset failure (i.e. according to “overall risk”)?
(Click on the answer that most accurately describes your situation.)

0	The organization has no process to rank assets according to overall risk. ( 0 points)
1	The organization has some limited ranking of assets according to overall risk with no plans to put in place a system for ranking all assets. ( 1 point)
2	The organization has developed a process to rank assets according to risk and is working towards ranking all assets with less than 50% of them presently ranked. ( 2 points)
3	The organization has developed a process to rank assets according to risk and is working towards ranking all assets with more than 50% of them presently ranked. ( 3 points)
4	The organization has ranked all1 of the assets according to risk but is not yet using this information in the process of operating and managing the system. ( 4 points)
5	The organization has ranked all¹ of the assets according to risk and using this information in operating and managing the system. ( 5 points)

¹All refers to greater than 90% of the assets

D. Do the likelihood and consequences of asset failure (i.e. the “overall risk”) drive asset investment decisions?
(Click on the answer that most accurately describes your situation.)

0	The organization does not use risk to drive investment decisions. ( 0 points)
1	The organization is in the discussion stages regarding whether to use overall risk to drive asset investment decisions but has not yet started any activities in this area.(1 point)
2	The organization is developing an approach in which risk will drive asset investment decisions. (2 points)
3	The organization has completed development of a program for overall risk to drive asset investment decisions, but has not yet implemented it. ( 3 points)
4	The organization has a plan for how overall risk drives asset investment decisions and it is implemented. The risk ranking only plays a small role in the assetinvestment decision-making process for the organization. ( 4 points)
5	The organization has a plan for how overall risk drives asset investment decisions and it is implemented. The risk ranking process is fully integrated into the assetinvestment decision-making process and overall risk plays a key role in the process.( 5 points)

E. Does overall risk drive asset operation and maintenance (O&M) decisions?
(Click on the answer that most accurately describes your situation.)

0	The concept of overall risk is not used to drive O&M decisions. ( 0 points)
1	The organization is considering using overall risk to drive O&M decisions. ( 1 point)
2	The organization is developing an approach in which risk will drive asset O&M decisions. ( 2 points)
3	The organization has completed development of a program for overall risk to drive asset O&M decisions, but has not yet implemented it. ( 3 points)
4	The organization has a plan for how overall risk drives asset O&M decisions and it is implemented. Not all decisions are yet based on this approach. ( 4 points)
5	The organization has a plan for how overall risk drives asset O&M decisions and it is implemented. All decisions are based on this approach. ( 5 points)

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0	Your Cumulative Score