Question 1

Process used to compare the estimated risk against given risk criteria to determine the significance of the risk.
A) Risk evaluation
B) Risk estimation
C) Risk identification

Accepted Answer

Risk evaluation is the process of comparing the estimated risk against given risk criteria to determine the significance of the risk. Risk estimation is the process of determining the magnitude of the risk, and risk identification is the process of identifying potential risks that may affect a project.

Question 2

Following are not the residual risk factors for loss of containment.
A) Human error
B) Natural disasters
C) Fundamental limitations of inspection method
D) Toxic fluid containment

Accepted Answer

The other three factors listed (human error, natural disasters, and fundamental limitations of inspection method) are residual risk factors for loss of containment, meaning they are risks that cannot be completely eliminated even with the best possible safety measures. However, toxic fluid containment is not a residual risk factor because it can be completely eliminated with effective engineering controls and safety protocols.

Question 3

The risk prior to mitigation activities
A) Unmitigated risk
B) Known risk
C) Mitigated risk

Accepted Answer

Prior to any mitigation activities, the risk is considered unmitigated as no measures have been taken to reduce its likelihood or impact.

Question 4

Process to find, list, and characterize elements of risk
A) Risk estimation
B) Risk evaluation
C) Risk identification

Accepted Answer

Risk identification is the process of finding, listing, and characterizing elements of risk. It involves identifying potential hazards, their likelihood of occurrence, and their potential consequences. Risk estimation and risk evaluation are part of the overall risk management process, but they come after risk identification.

Question 5

_______________ in a safety context is a hazard.
A) Source
B) Toxic

Accepted Answer

In a safety context, a source can refer to anything that poses a danger, such as a source of electricity, a source of heat, or a source of chemical emissions. While something that is toxic is certainly a hazard, not all hazards are necessarily toxic. Therefore, option A is the best choice for completing the statement.

Question 6

A process to assess risks, to determine if risk reduction is required and to develop a plan to maintain risks at an acceptable level
A) Risk management
B) Risk mitigation
C) Risk control

Accepted Answer

Risk management involves identifying, assessing, and prioritizing risks, determining whether risk reduction measures are necessary, and developing and implementing plans to maintain risks at an acceptable level. Risk mitigation usually refers to specific measures taken to reduce identified risks, while risk control generally refers to ongoing monitoring and management of risks.

Question 7

Through __________________, inspection activities are focused on higher risk items and away from lower risk items.
A) RBI
B) PHA
C) REM
D) HAZOP

Accepted Answer

PHA (Preliminary Hazard Analysis) is a technique used to identify and assess potential hazards in a system. It involves breaking down the system into smaller components and identifying potential hazards associated with each component. The PHA team then assigns a risk level to each hazard, based on the likelihood and severity of the hazard. This information is then used to prioritize inspection activities, so that higher risk items are inspected more frequently than lower risk items.

Question 8

______________ provides a consistent methodology for assessing the optimum combination of methods and frequencies.
A) RBI
B) REM
C) PHA
D) HAZOP

Accepted Answer

RBI or Risk-Based Inspection provides a consistent methodology for assessing the optimum combination of methods and frequencies. It evaluates the risk associated with equipment failure, and based on that, suggests the best inspection practices to be employed. Therefore, A is the best choice. REM or Remote Equipment Monitoring, PHA or Process Hazard Analysis, and HAZOP or Hazard and Operability Study, are not specifically designed for assessing the optimum combination of methods and frequencies.

Question 9

For a typical inspection program, if excessive inspection is applied then,
A) Level of risk may go up
B) Level of risk may go down
C) Level of risk remain the same

Accepted Answer

Excessive inspection can lead to a false sense of security and the belief that all defects have been caught, when in reality there may still be defects present. This can lead to complacency and a reduced focus on preventing defects, ultimately increasing the level of risk.

Question 10

RBI is focused on a systematic determination of
A) Relative risks
B) Absolute risks
C) Comparable risks
D) Total risks

Accepted Answer

RBI (Risk-Based Inspection) focuses on identifying and assessing relative risks to prioritize inspection and maintenance activities based on the likelihood and consequence of failure.

Question 11

Provides a basis for risk evaluation, risk mitigation and risk acceptance
A) Risk evaluation
B) Risk estimation
C) Risk identification

Accepted Answer

Risk estimation provides a basis for risk evaluation, risk mitigation, and risk acceptance by quantifying the likelihood and impact of risks.

Question 12

Act of mitigating a known risk to a lower level of risk.
A) Risk reduction
B) Risk management
C) Risk mitigation

Accepted Answer

The answer of Act of mitigating a known risk to...

Question 13

_____________ represents the next generation of inspection approaches and interval setting, recognizing that the ultimate goal of inspection is the safety and reliability of operating facilities
A) RBI
B) PHA
C) HAZOP
D) RCM

Accepted Answer

RBI (Risk-Based Inspection) considers the risks associated with equipment failure and uses it to prioritize inspections and maintenance activities. This approach recognizes that not all equipment poses the same level of risk and, therefore, requires varying levels of attention. RBI ensures that inspections and maintenance are targeted to the areas most critical to asset integrity, resulting in increased safety and efficiency.

Question 14

When some risk identified as acceptable then one of the following is not required.
A) Risk reduction
B) Risk evaluation
C) Risk mitigation
D) Risk control

Accepted Answer

The answer of When some risk identified as acceptable then...

Question 15

In process plants are established to detect and evaluate deterioration due to in service operation.
A) Inspection and testing programs
B) Condition monitoring programs
C) Preventive maintenance programs
D) In-service inspection programs

Accepted Answer

Inspection and testing programs are specifically designed to detect and evaluate deterioration in process plants due to in-service operation.

Question 16

Act of mitigating a known risk to a lower level of risk.
A) Risk reduction
B) Risk mitigation
C) Risk evaluation

Accepted Answer

Risk mitigation refers to the act of reducing or minimizing the impact of a known risk on the organization or project, whereas risk reduction refers to reducing the likelihood of a risk occurring. Risk evaluation is the process of assessing and analyzing the potential risks associated with a particular situation or decision. Therefore, the best option is B, risk mitigation, as it specifically reflects the act of reducing a known risk to a lower level of risk.

Question 17

Systematic use of information to identify sources and to estimate the risk
A) Risk
B) Risk analysis
C) Hazard analysis

Accepted Answer

Risk analysis is the systematic use of information to identify sources of risk and to estimate the risk. Hazard analysis, on the other hand, is the process of identifying hazards (whether they be physical, chemical, biological or otherwise) that may cause harm. While both are important in risk management, the description provided specifically asks for the systematic use of information to identify sources and estimate risk, which is what risk analysis focuses on.

Question 18

Thing or activity with a potential for con- sequence
A) Source
B) Hazard
C) Toxic

Accepted Answer

The answer of Thing or activity with a potential for...

Question 19

Coordinated activities to direct and control an organization with regard to risk.
A) Risk management
B) Risk evaluation
C) Risk control

Accepted Answer

Risk management involves coordinating activities to direct and control an organization with regard to risk, including risk evaluation and risk control. Therefore, option A is the best choice.

Question 20

When equipment has low deterioration rates as an inspector what you decide in lieu of internal inspection.
A) On-stream inspection
B) Out of service inspection
C) External inspection

Accepted Answer

When equipment has low deterioration rates, and the probability of any failure is minimal, an on-stream inspection is the most prudent choice. It ensures that the equipment remains operational during inspection and can detect any damage or malfunction that occurs during normal operation. Moreover, it saves time and costs by eliminating the need for downtime and disassembly.

Exam 2: Risk Based Inspection

Process used to compare the estimated risk against given risk criteria to determine the significance of the risk.

Following are not the residual risk factors for loss of containment.

The risk prior to mitigation activities

Process to find, list, and characterize elements of risk

_______________ in a safety context is a hazard.

A process to assess risks, to determine if risk reduction is required and to develop a plan to maintain risks at an acceptable level

Through __________________, inspection activities are focused on higher risk items and away from lower risk items.

______________ provides a consistent methodology for assessing the optimum combination of methods and frequencies.

For a typical inspection program, if excessive inspection is applied then,

RBI is focused on a systematic determination of

Provides a basis for risk evaluation, risk mitigation and risk acceptance

Act of mitigating a known risk to a lower level of risk.

_____________ represents the next generation of inspection approaches and interval setting, recognizing that the ultimate goal of inspection is the safety and reliability of operating facilities

When some risk identified as acceptable then one of the following is not required.

In process plants are established to detect and evaluate deterioration due to in service operation.

Act of mitigating a known risk to a lower level of risk.

Systematic use of information to identify sources and to estimate the risk

Thing or activity with a potential for con- sequence

Coordinated activities to direct and control an organization with regard to risk.

When equipment has low deterioration rates as an inspector what you decide in lieu of internal inspection.