Online Access Free API-580 Practice Test

Risk mitigation is defined as:

• A.finding, listing, and characterizing elements of risk management.
• B.modifying inputs to the risk matrix.
• C.selecting and implementing measures to modify risk.
• D.estimated risk before and after repairs and replacements.

Which of the following has the most direct relation to the relative accuracy of the RBI analysis?

• A.Data validation
• B.Data sources
• C.Data quality
• D.Data precision

In the data collection stage, an assessment of what information is generally necessary?

• A.What other types of risk assessment and mitigation have been applied to the equipment
• B.The risk thresholds that will be used to determine acceptable vs. unacceptable risks
• C.The codes and standards in use for in-service inspection and evaluation
• D.The type of RBI assessment that will be applied to the project

An RBI assessment of new equipment or a new project may:

• A.be needed in order to define the risk criteria to be used in service.
• B.yield useful information on potential future risks.
• C.be conducted only after 1000 hours of operation to establish operating and inspection data.
• D.not be useful because there is no inspection history.

With regard to initial assumptions in an RBI analysis, which of the following statements is correct?

• A.Consequence and probability estimates that are more conservative will result in less-intrusive inspections.
• B.Conservative consequence and probability estimates will be necessary to meet regulatory requirements.
• C.Consequence and probability estimates that are too conservative can result in unnecessarily inflated calculated risks.
• D.Conservative consequence and probability estimates result in fewer mitigation needs.