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API API-580 - Questions & Answers

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Question 1
Single choice

______________to be established to judge acceptability of risk couldhe an objective of the rbi assessment if such criteria do not exist already within the user's company.

A.

Risk criteria

B.

Risk plan

C.

Risk analysis

Question 2
Single choice

The primary product of a rbi effort should be

A.

An inspection plan for each equipment item evaluated

B.

Mitigation plan for each equipment item evaluated

C.

Residual risk assessment plan for each equipment item evaluated

Question 3
Single choice

In general the probability of failure is determined by

A.

Deterioration mechanism

B.

Effectiveness of inspection program

C.

Consequence detailed

D.

A& B

Question 4
Single choice

Risk presented in qualitative risk analysis as

A.

Precise numeric value

B.

Form of risk matrix

C.

Form of event tree and fault tree

Question 5
Single choice

Through__________________, inspection activities arefocusedonhigher risk items and away from lower risk items.

A.

Rbi

B.

Pha

C.

Rem

D.

Hazop

Question 6
Single choice

If the probability and consequence combination (risk) is high enough to be unacceptable, then

A.

A mitigation action to predict or prevent the eventis recommended.

B.

Amitigation action to predict or prevent the event isnot recommended

C.

Warrant to analyze risks involved

Question 7
Single choice

Quantitative risk analysis logic models generally consist of___________and______

A.

Event tees and fault trees

B.

Product trees and loss trees

C.

Likelihood trees and consequence trees

Question 8
Single choice

Act of mitigating a known risk to a lower level of risk.

A.

Risk reduction

B.

Risk management

C.

Risk mitigation

Question 9
Single choice

If the material of construction and internal/external conditions are the same

A.

Inspection results can be related from one equipment can be related to the other equipment

B.

We cannot do that, since we do not know about it

C.

Need to consult Equipment Engineer for final decision

Question 10
Single choice

Provides a basis for risk evaluation, riskmitigation and risk acceptance

A.

Risk evaluation

B.

Risk estimation

C.

Risk identification

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