What Does PF Stand For?
PF stands for Probability Of Failure
PF, or Probability of Failure, is a quantitative measure used to assess the likelihood of a system, component, or process failing to perform its intended function within a specified timeframe. It plays a crucial role in risk analysis and decision-making by helping organizations identify potential failures, evaluate risks, and implement effective mitigation strategies to enhance reliability and safety. PF is commonly utilized in various fields, including engineering, manufacturing, and project management, to optimize performance and reduce operational risks.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym