A component of the risk matrix setup. Probability measures the likelihood or expectation of when an equipment or location failure will occur. Examples include: Less than a year, 1 to 5 years, 10 to 20 years, and More than 20 years.
A component of the risk matrix setup. Probability measures the likelihood or expectation of when an equipment or location failure will occur. Examples include: Less than a year, 1 to 5 years, 10 to 20 years, and More than 20 years.