This document is applicable for preparation and optimisation of maintenance activities for all plant systems and items.The principles of consequence classification and the maintenance task selection process is applicable to all types of items, and to all types of failure modes and failure mechanisms covered by this document. For some types of items, it is typical to perform other specific analysis to identify failure characteristics, failure frequencies and mitigating tasks. This include, among others, load bearing structures, static pressure equipment, risers and pipelines.This document is developed with the oil and gas industry in mind, but the principles within can be applied to any industry, including manufacturing or processing plants, ships or maritime facilities and energy plants or installations.This document covers:definition of relevant nomenclature;brief description of main work flow related to maintenance and which elements this typically involves;definition of risk model and failure consequence classes;guidelines for consequence classification, including:functional breakdown of plants and plant systems in MFs and SFs;identification of MF and SF redundancy;assessment of the consequences of loss of MFs and SFs;assignment of equipment to SFs and associated consequence classes.description of how to establish an initial maintenance program, and how to update an existing program;description on how to use the classification in combination with probability for decision making related to prioritising work orders and handling spare parts.