API-580 Exam Dumps : API 580 - Risk Based Inspection

As stated in API 580, Introduction (page xi):

“The RBI plans also 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 focused and more cost-effective.”

Options B, C, and D introduce concepts not aligned with the API definition. Option A correctly captures the intent and benefit of an RBI-based plan.

Section 5.3.6 of API 580 states:

“Use of expert opinion will typically be included in most risk assessments regardless of type or level.”

This confirms that expert judgment is a fundamental component across all levels of RBI, whether qualitative, semi-quantitative, or quantitative.

As defined in Section 3.1.59 of API 580:

“Risk assessment: The systematic use of information to estimate risk and conduct risk evaluation.”

Option A refers more closely to hazard identification, C is the definition of risk management, and D describes part of the risk analysis process, but not the full definition of risk assessment.