FREE API-580 Risk Analysis Questions and Answers
What is the primary goal of risk assessment in an API Risk-Based Inspection (RBI) program?
The goal of risk assessment in an RBI program is to prioritize inspection activities based on the likelihood and consequences of failure, improving safety and reliability.
Which two factors are considered when calculating risk in an RBI assessment?
Risk in an RBI assessment is determined by evaluating both the likelihood of failure and the potential consequences of that failure.
What is the primary benefit of implementing an RBI program?
RBI programs help optimize inspection schedules by focusing resources on high-risk equipment, improving safety and cost efficiency.
Which factor increases the likelihood of equipment failure in an RBI assessment?
High corrosion rates can significantly increase the likelihood of equipment failure due to material degradation over time.
Which type of inspection method is most commonly used for high-risk equipment in an RBI program?
Non-destructive testing (NDT) is widely used for high-risk equipment as it allows for thorough inspection without damaging the component.
Why is consequence analysis important in risk assessment for RBI?
Consequence analysis determines the potential impact of equipment failure, helping prioritize inspection efforts based on risk severity.