Total cost of lost production

Monetary cost of asset downtime in the event of failure. The amount is shown in the site’s currency.

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Total repair costs

Monetary cost to repair equipment in the event of the asset’s failure. The repair cost does not include labor. The amount is shown in the site’s currency.

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Total labor costs

Monetary cost of labor in the event of the asset’s failure. The amount is shown in the site’s currency.

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Total costs

APM calculates the total cost by adding the lost production, repairs, labor, secondary damage, and other costs.

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Lost production quantity

In detailed evaluations, lost production quantity is calculated based on the cost equation’s intervals, which specify monetary values and quantities per duration (for example, hours).

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Severity

Severity indicates the relative criticality of the consequence when a failure occurs.

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Analyzed by

The analysis team member who performed the evaluation.

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