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

According to Section 5.2 of API 580:

“One objective of RBI is to determine what incident could occur (consequence) in the event of an equipment failure and how likely (probability) it is that the incident could happen.”

This is the foundational purpose of RBI: to determine both the likelihood and the consequence of a potential failure event, with specific emphasis on loss of containment.

While B, C, and D are partially true and are part of the broader RBI process, option A captures the exact phrasing and complete intent as outlined in the standard.

According to API 580, Section 6.2.8:

“An RBI assessment made on new equipment or a new project while in the design stage may yield important information on potential risks. This may allow potential risks to be minimized by design and have a RBI plan in place prior to actual installation.”

This statement confirms the value of performing RBI even in the absence of historical data, especially for forward-looking risk identification.

API 580 defines risk mitigation as follows:

“Risk mitigation: Process of selection and implementation of measures to modify risk. The term risk mitigation is sometimes used for measures themselves.”

This definition is provided in Section 3.1.67 of API 580. It is also emphasized throughout the document that mitigation may address either probability or consequence or both, and includes actions such as inspection, maintenance, repair, replacement, and design changes.

As stated in Section 13.1 of API 580:

“Inspection is often an effective method of risk management. However, inspection may not always provide sufficient risk mitigation or may not be the most cost-effective method.”

This clarifies that inspection is categorized under risk mitigation activities. Similarly, decommissioning is used as a risk mitigation strategy when the risk from continued operation becomes unacceptable.

Risk mitigation activities described in API 580 may:

reduce the magnitude of consequence,

reduce the probability of failure,

enhance survivability, or

mitigate the source of the consequence.

Thus, both inspection and decommissioning clearly fall under the broad category of risk mitigation.

According to API 580, Section 4.3:

“RBI as a risk-based approach focuses attention specifically on the equipment and associated damage mechanisms representing the most risk to the facility.”

This confirms that the correct focus of RBI is on the equipment and the damage mechanisms that pose the greatest risk—making Option A correct. Other options are examples of traditional inspection strategies, not the defining focus of RBI.