Cost of failure

Decision Type:

Method Category:

Categories: Terms

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.

Pre-Control Charts
3 Ideas to Overcome Organizational Inertia
When implementing change for a reliability program, you will face the challenge of organizational inertia. Here are three ideas to help.
The Culture of Design for Reliability
The Value of Making Better Decisions
Reliability Target Establishment

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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.

About Fred Schenkelberg

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