API 580 EXAM PREP QUESTION BANK (Consists of over 200 questions with verified answers)

API 580 EXAM PREP QUESTION BANK (Consists of over 200 questions with verified answers) The work product of the RBI assessment and management approach are plans that address ways to manage risks. This is called: A. An Equipment Plan B. A Sensitivity Analysis C. A Risk Management Plan D. A total Risk Assessment - RBI is a substitute for: A. Process Hazards Analysis (PHA) B. Hazards and operability Study (HAZOP) C. Mechanical Integrity (MI) Programs D. None of the Above Which of the following is not true concerning implementation of RBI implementation plans to manage risks on an equipment level? A. RBI will identify equipment that does not require inspection of some other form of mitigation because of the acceptable level of risk associated with the equipment's current operation B. Required inspection activities will reduce the consequence of failure C. It will provide an acceptance/understanding of the current risk level D. It will result in an overall reduction in risk for the facilities and/or equipment RBI could be expanded to include failures other than loss of containment. Examples of other failures and failure modes are: A. Pressure relief devices (plugging, fouling, nonactivation) B. Instrument and control systems C. Structural Systems D. Machinery Components Absolute Risk is: A. Risk resulting from forces of nature, acts of God, or sabotage B. The manner of failure C. Permanent Risk D. An ideal and accurate description and quantification of risk In RBI terms, this is known as "the source of harm": A. Hazard B. Source C. Hazardous Chemical D. Toxic Chemical Terms of reference by which the significance of risk is assessed. This may include associated cost and benefits, legal and statutory requirements, socio-economic and environmental aspects and other inputs to the assessment: A. Risk Avoidance B. Risk Criteria C. Risk Identification D. Quantitative Risk What does the acronym BLEVE stand for? A. Brine Levels Expand Vapor Equilibrium B. Boiling Liquid Expanding Vapor Explosion C. Below Estimated Value Earnings D. Basic Limitations External to a Vessel Examination According to API RP 580, failure is defined as which one of the following? A. Loss of toxic material B. Loss of life C. Loss of hazardous material D. Loss of containment The ultimate goal of inspection is what purpose? A. To reduce inspection costs B. Safety and reliability of operating facilities C. To reduce T/A time D. To determine which inspection technique is most economical Risk can be calculated, mathematically, using which of the following formula? A. Risk= Certainty x Consequence B. Risk= Probability+ Consequence C. Risk = Certainty + Consequence D. Risk= Probability x Consequence Excessive inspection may have what effect? A. Will greatly reduce the risk level B. May cause the risk level to increase C. Will cause the specific equipment to last twice as long D. May lead to differing corrosion rates RBI is focused on a systematic determination of which of the following? A. Risk tolerance B. Relative risks C. Absolute risk D. Average risk Risk management plans should be adjusted on what frequency? A. Annually B. As new data becomes available C. When operational changes are made D. Once every six months API RP 580 is specifically targeted at the application of RBI in which of the following? A. Pulp/paper industry and chemical process industries B. API-580 does not specifically target any industry C. Hydrocarbon and chemical process industry D. Pressure containment RBI is based on sound, proven risk assessment and management principles. However, RBI will not compensate for the following except: A. Not completely implementing plans of risk reduction B. Lack of experienced and knowledgeable personnel or teamwork C. Excess corrosion rates or materials in cracking environments D. Inaccurate or missing information Typically, PHA focus on which one of the following? A. The mechanical integrity related damage mechanisms B. Risk management through inspections C. Process unit design and operating practices and their adequacy. D. Understanding failure modes, addressing the modes and therefore improving reliability Occurrence of a particular set of circumstances. This may be certain or uncertain. A. Fault B. Risk C. Hazard D. Event 3.1.14 event Occurrence of a particular set of circumstances. The event may be certain or uncertain. The event can be singular or multiple. The probability of an event occurring within a given period of time can be estimated. Loss of containment is commonly described as? A. Loss of toxic material to the environment. B. Loss of any material from a PSM covered facility. C. Loss of fluid to the environment D. Loss of vapor to the environment This is the term for a limitation of any harmful consequence or reduction in probability of a particular event: A. Mitigation B. Hazard Assessment C. Damage mode. D. Probability Risk Ranking This is a orderly decision to accept the combination