Effectiveness criterion

Decision Type:

Method Category:

Categories: Terms

The criterion for judging whether a specific task would be capable of reducing the failure rate to the required level for the appropriate consequence branch of the decision diagram.

Cost effectiveness
Referring to a favorable cost-benefit ratio; the criterion of task effectiveness in preventing any functional failure that has economic, but not safety, consequences (see effectiveness criterion).

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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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