A. difference between absolute risk and relative risk.

B. risk that cannot be mitigated.

C. risk prior to mitigation activities.

D. area below the ISO risk line.

A. To show ISO-risk lines and boxes on a matrix and determine which risks are acceptable and which are not

B. To communicate the results of a risk assessment in a common format that a variety of people can understand

C. To determine what level of risk is acceptable to management based on consequence and probability of failure

D. To understand how consequence and probability of risk varies between different levels of risk

A. compare estimated risk against given risk criteria.

B. find, list, and characterize elements of risk.

C. select and implement measures to modify risk.

D. assign values to the probability and consequence of risk.

A. $1,145,000

B. $3,620,000

C. $1,650,000

D. $2,795,000

A. mitigating the consequence of failure.

B. modifying physical design to control inventory.

C. modifying the process.

D. mitigating the probability of failure.

A. consequence of failure.

B. repairs necessary to reduce risk.

C. probability of failure.

D. examination methods to be used.

A. the degree of precision required.

B. amount of equipment included.

C. type of damage mechanisms involved.

D. cost of mitigation activities.

E. knowledge and training of implementers.

A. will produce further risk reduction.

B. may cause additional deterioration and risk.

C. can result in inspection optimization.

D. reduces risk to the lowest practical level.

A. to be avoided because every equipment item is unique.

B. useful as a means of screening together and saving time.

C. not permitted unless equipment is in identical service.

D. useful only for common types of equipment.

A. The RBI assessment team

B. The risk analyst leading the team

C. The inspector or inspection specialist

D. A corrosion specialist