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Understanding Infrared Thermography Reading 3

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96 ASNT Level Ill Study Guide: <strong>Infrared</strong> and Thermal Testing Method<br />

COST BENEFIT WORKSHEET<br />

OCCURRENCEREPORTNQ FACILITY ----- --<br />

LOCATION -------------------------------- DATE -----<br />

ISSUE DESCRIPTION:<br />

PART 1. Repair/Replacement Estimate<br />

Worst Case Description:<br />

Possible Case Description:<br />

Probable Case Description:<br />

Actual Case Description:<br />

*Cost and Likelihood of Occurrence<br />

Worst Case Possible Probable Actual<br />

$ $ $ $<br />

*it .... ,.,. ....<br />

% likelihood % likelihood % likelihood Real Dollars<br />

**Percents likelihood must add up to 100%<br />

PART 2. Total Cost Benefit= Total Savings - Actual Cost<br />

1. (Worst Case Cost) x ( __ %) = $ _ _____ plus<br />

2. (Possible Cost) x ( _ _ %) = $ plus<br />

3. (Probable Cost) x ( __ %) = $ plus<br />

4. (Total of 1, 2, and 3 $ projected savings<br />

5. Actual Cost $ (subtract from 4.)<br />

Estimated Cost Benefit =<br />

$ ______<br />

NOTE: Cost estimates include man-hours, transportation of parts and equipment, cost of<br />

replacement parts and equipment and damage to adjacent equipment. Avoided maintenance<br />

may also be included.<br />

r:T7]EPRI<br />

~M&DC

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