Category A range of severities is defined for each of the categories, which are differentiated by color: • Health and Safety - red • Economic - blue • Environmental - green • Reputation - burgundy See Also Severity name The name usually indicates the level of the severity, for example, “High”, “Medium”, or “Low”. See Also Abbreviation Short form for the severity. See Also Impact statement Short description of the severity’s consequence. See Also Alternate statement Risk matrices can display the alternate text on Severity buttons. See Also Severity value Value associated with the severity. When evaluation forms are used to evaluate risk, the severity value is used to select the failure mode’s consequence priority. When weighted severity is used to evaluate risk, the severity value is used to calculate the weighted severity. See Also Risk level Risk level to be used with SIF analyses. See Also Represents consequences for RCM2 purposes When this option is selected, the severity is available in RCM2 evaluations on failure modes. Tip: This option is used with high-impact severities. When the analysis team completes a failure mode risk assessment, APM considers the Health and Safety, then the Environmental, and then the Economic consequence to answer the related questions in the RCM2 evaluation. See Also Represents consequences for RCA purposes When this option is selected, the severity is used with RCA analyses. See Also Economic impact The cost that this severity incurs. Once the object is saved, the amount is shown in the site’s currency. See Also Alternate economic impact 1 First alternate economic impact. The strategy development analysis’ risk options determine whether the standard, first alternate, or second alternate impacts are used for the health and safety, environmental, and reputation evaluations. Entries in the failure mode library (RBI only) can also specify evaluation values to use. These settings take precedence over those on the analysis. See Also Alternate economic impact 2 Second alternate economic impact. The strategy development analysis’ risk options determine whether the standard, first alternate, or second alternate impact is used for the health and safety, environmental, and reputation evaluations. Entries in the failure mode library (RBI only) can also specify evaluation values to use. These settings take precedence over those on the analysis. See Also Economic range starts at An economic range identifies the starting point for the economic severity’s range of values when a worksheet is used to evaluate the total cost of the consequence. APM presents an economic severity worksheet in the pop-up questionnaire. When the user clicks an economic severity in the risk matrix (rather than using a worksheet) or when the evaluation is presented in an embedded form, economic impact is used (rather than economic range). See Also Alternate range 1 starting value First alternate starting point for the economic severity’s range of values when a worksheet is used to evaluate the total cost of the consequence. The analysis type’s economic risk options determine which impact and range are used in the analysis. See Also Alternate range 2 starting value Second alternate starting point for the economic severity’s range of values when a worksheet is used to evaluate the total cost of the consequence. The analysis type’s economic risk options determine which impact and range are used in the analysis. See Also Description The description of the item. You can use this box to include any additional details.
