What is Define Consequence Categories, Consequences, and Likelihood in SAP PM - Plant Maintenance?

SAP Term: Define Consequence Categories, Consequences, and Likelihood

• Component: PM

• Component Name: Plant Maintenance

• Description: A configuration step that allows you to define consequence categories, consequences, and likelihood.

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• Key Concepts: 
  In SAP Plant Maintenance (PM), Consequence Categories, Consequences, and Likelihood are used to assess the risk of a particular maintenance task. Consequence Categories are used to classify the potential consequences of a task, such as financial, environmental, or safety. Consequences are the specific effects of a task, such as damage to equipment or loss of production. Likelihood is the probability that a particular consequence will occur. 
  
  How to use it: 
  Consequence Categories, Consequences, and Likelihood can be used to assess the risk of a particular maintenance task. The user should first identify the potential consequences of the task and assign them to one of the Consequence Categories. Then, they should assign each consequence a Likelihood rating based on how likely it is to occur. Finally, they should assign each consequence an appropriate Consequence rating based on its severity. 
  
  Tips & Tricks: 
  When assessing the risk of a particular maintenance task, it is important to consider both the likelihood and severity of each potential consequence. This will help ensure that all risks are properly identified and addressed. Additionally, it is important to review and update the risk assessment regularly as conditions may change over time. 
  
  Related Information: 
  For more information on assessing risk in SAP Plant Maintenance (PM), please refer to SAP Help documentation or contact your local SAP support team.