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Risk-Based Inspection

API ICP Self Study Notes

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5 Basic <strong>Risk</strong> Assessment Concepts<br />

5.1 What is <strong>Risk</strong>?<br />

5.2 <strong>Risk</strong> Management and <strong>Risk</strong> Reduction<br />

5.3 The Evolution of <strong>Inspection</strong> Intervals/Due Dates<br />

5.4 Overview of <strong>Risk</strong> Analysis<br />

5.5 <strong>Inspection</strong> Optimization<br />

5.6 Relative <strong>Risk</strong> vs Absolute <strong>Risk</strong><br />

6 Introduction to <strong>Risk</strong>-<strong>Based</strong> <strong>Inspection</strong><br />

6.1 Key Elements of an RBI Program<br />

6.2 Consequence and Probability for RBI<br />

6.3 Types of RBI Assessment<br />

6.4 Precision vs Accuracy<br />

6.5 Understanding How RBI Can Help to Manage Operating <strong>Risk</strong>s<br />

6.6 Management of <strong>Risk</strong>s<br />

6.7 Relationship Between RBI and Other <strong>Risk</strong>-<strong>Based</strong> and Safety Initiatives<br />

6.8 Relationship with Jurisdictional Requirements

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