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Definition of Risk
Risk is danger and undesirable event represent for People , Environment and Economic assets. Risk In Risk Based Inspection, risk is defined as the product of two separate terms the Likelihood that a failure will occur and the Consequence of a failure
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Risk
Risk = Probability of Failure x Consequences of Failure
Failure mode, Material/Environment; Degradation ; type & rate,.... Damage tolerance Personnel Environment Economic Quality
Risk-Based Inspection
API AP581 A risk assessment and management process that is focused on loss of containment of pressurized equipment in processing facilities, due to material deterioration. These risks are managed primarily through equipment inspection
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Risk Plot
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RBI Process
Probability of Failure Data and Information Collection Consequence of Failure
Risk Assessment Process
Risk Ranking
Inspection Plan
Reanalysis
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Collect data
Consequence of Failiure
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Terms
Damage (or deterioration) Mechanism A process that induces micro and/or macro material changes over time that are harmful to the material condition or mechanical properties. Damage mechanisms are usually incremental, cumulative, and, in some instances, unrecoverable. Common damage mechanisms include corrosion, stress corrosion cracking, creep, erosion, fatigue, fracture, and thermal aging. Damage (or deterioration) mode The physical manifestation of damage (e.g. wall thinning, pitting, cracking, rupture). Failure mode The manner of failure. For RBI, the failure of concern is loss of containment of pressurized equipment items. Examples of failure modes are small hole, crack, and rupture.
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Probability of Failure
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Risk Ranking
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