Which of the following statements is correct with regard to determining the probability of a specific consequence?
Probability of failure analysis shall address:
The governing inspection codes (such as API 510 and API 570) and jurisdictional regulations, if any, shall be reviewed to determine what?
As indicated in API RP 580, one essential element of an RBI program includes:
The continuum of RBI approaches is the:
Most probability assessments use a blend of what types of analytical approaches?
The probability of equipment item failure depends on the:
Which mitigation system most effectively minimizes community exposure to a significant release of an acidic water-soluble vapor cloud?
On a risk plot or matrix, risk thresholds generally divide:
Which of the following statements is correct with regard to the potential reduction of inspection cost by using RBI?
Before decisions are made based on risk analysis results, what should be done first?
An iso-risk line on a risk plot is a line:
Risk evaluation is defined as the process used to:
The resources and time required to implement an RBI assessment will vary widely between organizations depending on a number of factors including:
Which of the following is a step in estimating the consequences of releasing a hazardous material into the surrounding environment?
In quantitative POF analysis, when failure data for each piece of equipment is unavailable, general industry failure data can be used by what means?
What must be developed in order to implement and sustain the RBI program?
Once organizing the work process for RBI program planning has been completed, the next step is the identification of the:
Which of the following may make it impractical to reduce some risks to an acceptable level?
Establishing and operating within boundaries is:
Clearly documenting the key assumptions made during an RBI assessment will:
Which of the following codes provide requirements and limitations for implementing RBI programs? (Select all that apply)
Given the following event tree, what is the risk of a fire if the probability is 0.00001 per year and the consequence is $50,000,000?
Once a credible damage mechanism(s) has been identified, the associated failure mode should also be identified. An example of a failure mode is:
With regard to initial assumptions in an RBI analysis, which of the following statements is correct?
A most common indicator in consequence analysis is:
The fact that some jurisdictions may have some prescriptive time-based rules on inspection intervals does not preclude the user from gaining significant benefits from the application of RBI, as long as: