P-F Curves and Asset Management

The P-F curve is a common representation of an assets life cycle based on the concept of the relationship between “Potential Failure” (P) and “Functional Failure” (F). Typically, P-F curves have been used to assist reliability analysis of mechanical equipment such as pumps, drives, bearings etc. However, the concept of the P-F curve can be applied to any asset. ASPEC frequently utilise P-F curves as a useful tool to communicate information regarding asset condition and status within the asset lifecycle.