Regulatory frequency Interval between inspections as mandated by the appropriate regulatory agency. This value is defaulted from the analysis asset (or its closest ancestor with a default regulatory frequency). Note: The regulatory frequency is copied to any indicators that are added to the RBI action plan, if permitted by the analysis’ failure mode settings for indicator collection information. See Also Next regulatory inspection APM calculates the next inspection date based on the last inspection date and regulatory frequency. See Also Last inspection date Most recent inspection. By default, this field shows the date of the most recent indicator reading. You can change this date, if needed. See Also Number of inspections The number of inspections that returned the inspection effectiveness value. When the Evaluate Inspection Effectiveness function is run for the site, APM identifies processed indicator readings that specify an inspection effectiveness value within the specified time period. Using the rules set up for the site, the process calculates the inspection effectiveness value for each indicator. See Also Inspection effectiveness Inspection effectiveness provides a measurement of the thoroughness, sensitivity, and efficiency of the inspection strategy. When the Evaluate Inspection Effectiveness function is run for the site, APM identifies processed indicator readings that specify an inspection effectiveness value within the specified time period. Using the rules set up for the site, the process calculates the inspection effectiveness value for each indicator. See Also
