The NYCT has begun an enterprise-wide Asset Management Improvement Program (AMIP). In the second half of 2012, the NYCT developed an executive-level concept of operations (ConOps) that defined a new asset management framework following a systems engineering approach. The proposed project for new standards for asset hierarchy, criticality and risk (the “Project”) is needed as a fundamental element within this framework.

Project Objective

To conduct a comprehensive review of best practices in asset system hierarchies, criticality assessment and risk analysis in asset intensive industries. This project will include a comprehensive look at other major companies and a comparison to NYCT existing risk management.