Condition scores, MTBF / MTTR, and risk scores should not be used as inputs to further analysis

Condition scores, MTBF/MTTR, and risk scores should not be used as inputs to further analysis
July 29, 2019
Author:
Dane Boers

More often than not condition scores, Mean Time Between Failure (MTBF), and risk scores are used as inputs to further asset analysis. While these are powerful reporting metrics, they are ill suited for informing detailed analyses. If you have granular information, stay granular. You loose quality every time you simplify. The flow diagrams included below showcase what good and practises look like.