Online Access Free API-580 Practice Test

Risk reduction is typically accomplished using:

• A.results of inspection activities
• B.changing fluid characteristics
• C.mitigation activities
• D.equipment history review
• E.process control

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

Risk assessment is defined as the:

• A.process used to assign values to the probability and consequence of risk.
• B.systematic use of information to estimate risk and conduct risk evaluation.
• C.process to find, list, and characterize elements of risk.
• D.coordinated activities to direct and control risk in an organization.

RBI plans identify equipment that does not require inspection or some other form of mitigation because of the acceptable level of risk associated with the equipment's current operation. In this way, inspection and maintenance activities can be:

• A.eliminated for all low consequence equipment.
• B.conducted while the equipment is on-line instead of during turnarounds.
• C.more focused and cost effective.
• D.shifted to more profitable needs in the plant.

Which of the following is a tool used to show the effectiveness in depicting a combination of events that could result in a loss of containment event?

• A.Logic model
• B.Physical model
• C.LOC model
• D.Dual-mode model