All Glossary Terms
Conditional Probability of Failure
Maintenance definition:
Conditional Probability of Failure refers to the likelihood that a system or component will fail, given that certain conditions or events have occurred. This concept is important in predictive maintenance and reliability engineering, as it helps in assessing the risk of failure based on the current state or history of the equipment, enabling more informed maintenance decisions and actions to prevent failures.
Our 30-day, risk free trial is only $199.
AssetWatch customers save on average 8x in ROI. That means for every $1 you give us, we give $8 back to you.
Includes professional installation of up to 200 sensors (a $10k+ value)
24/7 monitoring and a dedicated CME for your site
AssetWatch cloud-based software with unlimited licenses
No CapEx, Engineering or IT integration required