Results of quantitative consequence analysis are usually expressed in
If the probability and consequence combination (risk) is high enough to be unacceptable, then
Outcome of an event
When in accurate or insufficient failure data exists on the specific equipment item for quantative probability of failure analysis then
Effective inspection program can be derived for RBI from
When the inspection program is optimized based on an understanding of risk, one or more of the following cost reduction benefits may be realized. Except one
Coordinated activities to direct and control an organization with regard to risk.
The following assumption can bemade that significantly impactthe calculated corrosion rate early in the equipment life
In RBI most of the probability assessment will be
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