Starting value The original measurement. This value must be provided to track degradation information. See Also On The starting date for tracking degradation on the asset. See Also Minimum value The lower end of the asset’s degradation and the point at which its integrity might be endangered. The minimum value must be provided for degradation tracking. See Also FFP minimum The absolute minimum for the asset overrides the minimum value. See Also Use FFP minimum The fit-for-purpose minimum is typically determined towards the end of the asset’s life by the inspecting engineer who decides on a lower minimum than the designed rate. See Also Allowance APM calculates the remaining degradation allowance by subtracting the FFP minimum (if selected) or the minimum from the starting value. See Also Value The rate at which the asset is designed to degrade per year. You can change this value if required. See Also Percentage of allowance APM calculates the percentage of the degradation allowance expected per year. See Also Unmitigated rate The unmitigated degradation rate is the rate at which the asset will degrade if no action is taken to prevent or mitigate it. See Also Duration APM calculates the expected life of the asset, based on the degradation values. See Also End-of-life date APM calculates the asset’s end-of-life, based on the degradation values. See Also Notes Additional information about the degradation rate. See Also
