The Asset Criticality Assessment Template has been developed to address the growing need for standardized asset evaluation in the United Arab Emirates, where organizations face increasing regulatory requirements for asset management and risk assessment. This template provides a systematic approach to determining the relative importance of assets within an organization's operations, their potential impact on business continuity, and their alignment with UAE federal and emirate-level regulations. The document is designed to be used when organizations need to evaluate new assets, reassess existing assets, or comply with regulatory requirements for asset classification and risk management. It incorporates specific considerations for UAE business practices, local regulatory frameworks, and international standards for asset management, making it particularly valuable for organizations operating across different emirates and sectors.
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1. 1. Purpose and Scope: Defines the objective of the assessment template and its application scope, including types of assets covered
2. 2. Definitions and Terminology: Comprehensive list of technical terms, acronyms, and their definitions used throughout the document
3. 3. Regulatory Framework: Overview of applicable UAE laws, regulations, and standards that govern the assessment
4. 4. Assessment Methodology: Detailed explanation of the assessment approach, scoring system, and evaluation criteria
5. 5. Critical Function Analysis: Framework for identifying and analyzing essential functions supported by the asset
6. 6. Impact Categories: Defined categories for assessing impact (e.g., operational, financial, safety, environmental, reputational)
7. 7. Risk Assessment Criteria: Specific criteria for evaluating risks associated with asset failure or compromise
8. 8. Interdependency Analysis: Method for evaluating asset dependencies and relationships with other systems
9. 9. Documentation Requirements: Specifications for recording and reporting assessment findings
10. 10. Review and Approval Process: Procedures for reviewing and approving completed assessments
1. Cybersecurity Considerations: Additional section for assets with digital components or cybersecurity implications
2. Environmental Impact Assessment: Specific section for assets with significant environmental implications
3. Business Continuity Requirements: Section for assets requiring detailed business continuity planning
4. Safety Management Integration: Additional section for assets with significant safety implications
5. Emirate-Specific Requirements: Section addressing specific requirements for particular emirates when applicable
1. Schedule A: Assessment Scoring Matrix: Detailed scoring criteria and weightings for different assessment factors
2. Schedule B: Impact Assessment Ƶ: Standard templates for documenting impact assessments across different categories
3. Schedule C: Risk Rating Tables: Reference tables for standardized risk ratings and classifications
4. Schedule D: Documentation Forms: Standard forms and templates for recording assessment data
5. Appendix 1: Regulatory Compliance Checklist: Checklist ensuring alignment with relevant UAE regulations
6. Appendix 2: Asset Categories Classification: Detailed classification system for different types of assets
7. Appendix 3: Sample Assessment Reports: Example completed assessments for reference
8. Appendix 4: Review and Approval Forms: Standard forms for assessment review and approval process
Authors
Relevant legal definitions
Clauses
Relevant Industries
Oil and Gas
Utilities
Healthcare
Transportation
Telecommunications
Financial Services
Government Infrastructure
Manufacturing
Defense
Energy
Water and Wastewater
Critical Infrastructure
Information Technology
Real Estate and Facilities
Education
Relevant Teams
Operations
Maintenance
Engineering
Risk Management
Health Safety Environment
Quality Assurance
Compliance
Technical Services
Asset Management
Facility Management
Project Management
Business Continuity
Internal Audit
Infrastructure Management
Relevant Roles
Asset Manager
Facility Manager
Operations Director
Risk Management Officer
Maintenance Manager
Technical Director
HSE Manager
Compliance Officer
Engineering Manager
Infrastructure Manager
Chief Operations Officer
Chief Technical Officer
Quality Assurance Manager
Project Manager
Business Continuity Manager
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