Asset Asset number assigned by APM to the asset. See Also Failure Mode A failure mode is an event that causes an asset to fail to perform its function. For example, if a pump’s impeller becomes worn, the pump cannot convey liquid at the required rate. When failure mode optimization requires Isograph Availability Workbench, this attribute is mapped to the cause description in AWB. See Also Adjusted likelihood of failure The likelihood of failure value after the confidence evaluation has been completed. The confidence factor can adjust the likelihood of failure up or down. See Also Demand scenario A demand scenario is a situation that requires that an asset, such as a safety device, be put into operation. Examples of demand scenarios are fire, power failure, and blocked outlet. See Also Demand rate The demand rate is the frequency with which the demand scenario is likely to occur. Demand rates are typically defined in terms of 0-0.5 year, 0.5-1.0 year, and so on. See Also Note Additional information about the analysis. Notes are collected and available in several locations. See Also
