General Electric Company
System and method for risk categorization

Abstract:

In a first embodiment, a system includes a turbine system including turbomachinery, one or more processors, and a memory storing instructions. When executed by the one or more processors, the instructions are configured to cause the one or more processors to receive an operating parameter of the turbomachinery, and calculate a risk of failure for the turbomachinery based at least in part on an asset failure mode model. The instructions are also configured to cause the one or more processors to categorize the risk of failure as a selected failure indicator category of a plurality of failure indicator categories, and output the selected failure indicator category.