Hazard Probability


Hazard Probability :

Hazard Probability - defines in quantitative or qualitative terms, the estimated probability of the specific Contributory Hazards which are defined within the Hazardous Event under study; possible elements within a fault tree. Note that hazard probability is not defined as the aggregate probability of occurrence of the individual hazardous events that create a specific hazard; See: Hazardous Event and Accident. Also note that Hazard Probability is not the same as likelihood; See: Likelihood.

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