Excessive inspections can have what effect on risk level:
ANSWER
May cause the risk level to increase
RBI is focused on a systematic determination of What type risk?
ANSWER
Relative Risk
RBI is a substitute for?
ANSWER
HAZOP Study
PHA
MI Programs
None
Answer: None
Risk Criteria is?
ANSWER
Terms of reference by which the significance of risk is assessed
Can include
associated costs and benefits, socio-economic and environmental aspects, legal and statu-
tory reqs
1
, Implementation of RBI plans will?
ANSWER
Provide an overall reduction in risk for the facility and/or equipment
Provide an acceptance/understanding of the current risk
Identify equipment that does not require inspection or some other form of mitigation be-
cause of acceptable level of risk
The ultimate goal of inspection is?
ANSWER
the safety and reliability of operating facilities
An equipment plan is?
ANSWER
The work product of the RBI assessment approach that address ways to manage risk.
Absolute Risk is?
ANSWER
An ideal and accurate description and quantification of risk
A Hazard is?
ANSWER
A physical condition or a release of a hazardous material that could result from component
failure and result in human
injury or death, loss or damage, or environmental degradation. Hazard is the source of harm.
Probability x Consequence
ANSWER
Risk
2
ANSWER
May cause the risk level to increase
RBI is focused on a systematic determination of What type risk?
ANSWER
Relative Risk
RBI is a substitute for?
ANSWER
HAZOP Study
PHA
MI Programs
None
Answer: None
Risk Criteria is?
ANSWER
Terms of reference by which the significance of risk is assessed
Can include
associated costs and benefits, socio-economic and environmental aspects, legal and statu-
tory reqs
1
, Implementation of RBI plans will?
ANSWER
Provide an overall reduction in risk for the facility and/or equipment
Provide an acceptance/understanding of the current risk
Identify equipment that does not require inspection or some other form of mitigation be-
cause of acceptable level of risk
The ultimate goal of inspection is?
ANSWER
the safety and reliability of operating facilities
An equipment plan is?
ANSWER
The work product of the RBI assessment approach that address ways to manage risk.
Absolute Risk is?
ANSWER
An ideal and accurate description and quantification of risk
A Hazard is?
ANSWER
A physical condition or a release of a hazardous material that could result from component
failure and result in human
injury or death, loss or damage, or environmental degradation. Hazard is the source of harm.
Probability x Consequence
ANSWER
Risk
2
