Likelihood of failure “Likelihood of failure” describes how often a safety device is expected to be required, based on past history or industry experience. An example of likelihood of failure is “Has happened at this location more than once in the last two years”. See Also Confidence factor The result of the confidence evaluation, indicating if confidence is low or high. The confidence factor can adjust the likelihood of failure up or down. 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 Task frequency If Condition based maintenance or inspection is selected, you can suggest a task frequency. See Also
