Machine Criticality Factor (MCF) methods that allow the early detection of failures can significantly reduce the MCF. Methods and tools such as oil or wear debris analysis, metal temperature analysis, motor current tests, proximity probes, etc. can detect machine failures before they occur.
Overall Machine Criticality (OMC) which will allow you to classify machines as low-risk or high-risk.
Identify the immediacy or level of attention you need to assign to these machines. Low- risk machines do not need immediate attention, while high-risk machines need immediate and close attention.