On a risk plot or matrix, risk thresholds generally divide:
Corrosion, cracking, and mechanical are all examples of what?
What is one goal of a risk matrix or risk plot?
RBI plans identify equipment that does not require inspection or some other form of mitigation because of the acceptable level of risk associated with the equipment's current operation. In this way, inspection and maintenance activities can be:
An iso-risk line on a risk plot is a line:
The resources and time required to implement an RBI assessment will vary widely between organizations depending on a number of factors including:
A most common indicator in consequence analysis is:
Which of the following may make it impractical to reduce some risks to an acceptable level?
In cases where inspection technology cannot adequately and/or cost-effectively mitigate risks, what is the next step to consider?
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?
Depending on factors such as the remaining life of the equipment and the type of damage mechanism, risk management through inspection:
Which of the following is the act of mitigating a particular risk?
Before decisions are made based on risk analysis results, what should be done first?
Which of the following statements is generally correct with regard to qualitative RBI analysis using a broad range of data?
In RBI, operating conditions that should be considered include:
Why is it important to identify the risk drivers in the RBI process?
In RBI analysis, dividing process units into groups of equipment that have common characteristics is:
Probability of failure is typically expressed in terms of:
The resources and time required to implement an RBI assessment will vary widely between organizations depending on a number of factors including:
In terms of mitigating risk, which of the following is an example of an integrity operating window process parameter?
Once a credible damage mechanism(s) has been identified, the associated failure mode should also be identified. An example of a failure mode is:
Which of the following has the most direct relation to the relative accuracy of the RBI analysis?
Which of the following constitutes a failure of equipment?
The continuum of RBI approaches is the:
Conducting more internal inspection than is called for by RBI:
A risk assessment requires a cost estimate of potential environmental damage. Vessel replacement cost is $116,000, and downtime will be 15 days at a cost of $55,000 per day. The EPA fine for a leak of more than 1500 gallons is $1,650,000, and cleanup will cost $1,145,000. What total value will be assigned to the environmental cost of a leak?
Unmitigated risk is defined as the: