Manufacturing Project Portfolio & Capex worked example

Equipment Replacement Priority with failure consequence severity of 3 score: a worked example

This worked example runs the equipment replacement priority numbers for a tougher week than the baseline: failure consequence severity of 3 score instead of the typical 6 score. Estimate equipment replacement priority for manufacturing project portfolio and capex using production-ready inputs so teams can rank risks and decide which issue needs containment, controls, or escalation first.

The inputs for this scenario

  • Failure consequence severity (1-10): 3 score (the input this scenario stresses; the baseline uses 6)
  • Breakdown frequency / occurrence (1-10): 4 score (held at the documented default)
  • Early-warning detectability (1-10): 3 score (held at the documented default)

Working through the calculation

  • The calculation starts from the formula this tool documents: Equipment replacement priority risk score = equipment replacement priority severity score × equipment replacement priority occurrence score × equipment replacement priority detection score.
  • Equipment replacement priority risk score works out to 3.35 score at these inputs, and this is the headline figure for the scenario.
  • Equipment replacement priority severity score works out to 3 score at these inputs.
  • Equipment replacement priority occurrence score works out to 4 score at these inputs.
  • Equipment replacement priority detection score works out to 3 score at these inputs.

How this compares with the baseline

  • Against the tool's baseline example, where failure consequence severity sits at 6 score and the headline result is 4.55 score, this scenario comes in 26.37% below the baseline at 3.35 score.
  • Use it during annual capex planning or a reliability review to rank competing asset-replacement requests on one scale. A result at this level usually justifies acting on the stressed input before touching anything else, because every other figure in the table is downstream of it.

Results at a glance

  • Equipment replacement priority risk score: 3.35 score (headline result)
  • Equipment replacement priority severity score: 3 score
  • Equipment replacement priority occurrence score: 4 score
  • Equipment replacement priority detection score: 3 score

Run it with your numbers

  • To rerun this with your own numbers, open the live Equipment Replacement Priority calculator, set failure consequence severity to your actual value, and adjust the remaining inputs to match your operation.

Last reviewed 2026-05-12.