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  2. Failure reporting, analysis, and corrective action system

    en.wikipedia.org/wiki/Failure_reporting...

    Failure Reporting (FR). The failures and the faults related to a system, a piece of equipment, a piece of software or a process are formally reported through a standard form (Defect Report, Failure Report). Analysis (A). Perform analysis in order to identify the root cause of failure. Corrective Actions (CA).

  3. Acceptable quality limit - Wikipedia

    en.wikipedia.org/wiki/Acceptable_quality_limit

    Major defects can result in the product's failure, reducing its marketability, usability or saleability. Lastly, minor defects do not affect the product's marketability or usability, but represent workmanship defects that make the product fall short of defined quality standards. Different companies maintain different interpretations of each ...

  4. Failure modes, effects, and diagnostic analysis - Wikipedia

    en.wikipedia.org/wiki/Failure_Modes,_Effects...

    The first piece of information added in an FMEDA is the quantitative failure data (failure rates and the distribution of failure modes) for all components being analyzed. The second piece of information added to an FMEDA is the probability of the system or subsystem to detect internal failures via automatic on-line diagnostics.

  5. What are construction loans, and how do they work? - AOL

    www.aol.com/finance/construction-loans-154657152...

    Construction loans are loans that fund the building of a residential home (aka a stick-built house), from the land purchase to the finished structure. Common types are a standalone construction ...

  6. Failure mode and effects analysis - Wikipedia

    en.wikipedia.org/wiki/Failure_mode_and_effects...

    Failure mode and effects analysis (FMEA; often written with "failure modes" in plural) is the process of reviewing as many components, assemblies, and subsystems as possible to identify potential failure modes in a system and their causes and effects. For each component, the failure modes and their resulting effects on the rest of the system ...

  7. Fagan inspection - Wikipedia

    en.wikipedia.org/wiki/Fagan_inspection

    The software development process is a typical application of Fagan inspection. As the costs to remedy a defect are up to 10 to 100 times less in the early operations compared to fixing a defect in the maintenance phase, [1] it is essential to find defects as close to the point of insertion as possible.

  8. Project finance - Wikipedia

    en.wikipedia.org/wiki/Project_finance

    The most common project finance construction contract is the engineering, procurement and construction (EPC) contract. An EPC contract generally provides for the obligation of the contractor to build and deliver the project facilities on a fixed price, turnkey basis, i.e., at a certain pre-determined fixed price, by a certain date, in ...

  9. Technique for human error-rate prediction - Wikipedia

    en.wikipedia.org/wiki/Technique_for_human_error...

    THERP is a first-generation methodology, which means that its procedures follow the way conventional reliability analysis models a machine. [3] The technique was developed in the Sandia Laboratories for the US Nuclear Regulatory Commission. [4]