A. End of service life and time to replace
B. Corrosion beyond the corrosion allowance
C. Fire or explosion
D. Loss of containment
A. assign values to the probability and consequence of risk.
B. select and implement measures to modify risk.
C. compare estimated risk against given risk criteria.
D. find, list, and characterize elements of risk.
A. determine the damage mechanisms that could occur and cause equipment failure that could lead to loss of containment.
B. identify the worst possible consequences of a major leak or equipment failure, including safety, environmental, and/or economic consequences.
C. determine what loss of containment incident could occur, and how likely the incident could occur.
D. determine the likelihood that a major leak could result in a fire, an explosion, or another major consequence.
A. allow recreation at a later date.
B. quantify the level of acceptable risk.
C. identify the level of residual risk.
D. demonstrate the precision of the assessment.
A. conduct sensitivity analysis in probability models.
B. make use of logic and physical models.
C. improve the risk rank of an item.
D. assess the higher risks associated with the release of hazardous fluids.
A. fundamental to the validity of an RBI study.
B. key for assessing the likelihood of ignition of a release.
C. necessary to minimize need for risk management.
D. an important step in reducing unnecessary inspections.
A. is most effective in reducing risk.
B. may have little or no effect.
C. results in a decrease in inspection frequencies.
D. is the least cost-effective.
A. risk that cannot be mitigated.
B. area below the ISO risk line.
C. difference between absolute risk and relative risk.
D. risk prior to mitigation activities.
A. Risk reduction
B. Risk determination
C. Risk assessment
D. Risk management
