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TeachMeFinance.com - explain Failure potential assessment Failure potential assessment The term 'Failure potential assessment' as it applies to the area of reclamation can be defined as ' A judgment of the potential for failure of an essential element within the expected life of the project. Five terms are used to describe the assessment: negligible, low, moderate, high, and urgent. A rating of negligible reflects the judgment that failure of the essential element is regarded as very unlikely; low reflects the judgment that failure is unlikely; moderate reflects the judgment that failure is possible and further data collection and/or analyses may be required; high reflects the judgment that failure is very probable; urgent reflects the judgment that failure is imminent'. Previous 5 Terms: Fahrenheit Fahrenheit (F) Failed acreage Failure Failure or hazard Next 5 Terms: Fair FAIR Act of 1996 Fair information practices Fair market value (FMV) fair sharing About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.