Cost of failure

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For a failure that has operational consequences, the combined cost of the operational consequences and the cost of corrective maintenance; for a failure that has nonoperational consequences, the direct cost of corrective maintenance.

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About Fred Schenkelberg

I am the reliability expert at FMS Reliability, a reliability engineering and management consulting firm I founded in 2004. I left Hewlett Packard (HP)’s Reliability Team, where I helped create a culture of reliability across the corporation, to assist other organizations.

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