About Risks

In System Reliability, a Risk identifies one way in which an Asset can fail. If the Risk occurs, then the piece of equipment or location will fail, and the system cannot run. In System Reliability Analyses, Risks are stored in System Risks, which can be linked to System Assets and System Switches.

A piece of equipment or location may have multiple Risks to represent multiple ways in which that piece of equipment or location can fail. As such, System Assets and System Switches can be linked to multiple System Risks.

Each Risk has a characteristic pattern of causing an Asset to fail as defined by its TTF distribution data or maximum operating time. Risks also have TTR distribution data, which characterizes the time needed to correct the failure that occurs as the result of the Risk and get the system running again. This distribution data is stored in Distributions, which are linked to Risks.

Copyright © 2018 General Electric Company. All rights reserved.