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Risk-Based Inspection

API ICP Self Study Notes

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5.1 What is <strong>Risk</strong>? 什 么 是 风 险<br />

<strong>Risk</strong> is something that we as individuals live with on a day-to-day basis.<br />

Knowingly or unknowingly, people are constantly making decisions based on<br />

risk. Simple decisions such as driving to work or walking across a busy street<br />

involve risk. More important decisions such as buying a house, investing money,<br />

and getting married all imply an acceptance of risk. Life is not risk-free and<br />

even the most cautious, risk-adverse individuals inherently take risks. Some<br />

people take more risks than others (knowingly or unknowingly), e.g. sky divers,<br />

mountain climbers, coal miners, and people who drive while intoxicated.<br />

API 580<br />

Charlie Chong/ Fion Zhang

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