1.

Cautionisadvisedinbeingtooconservative,asoverestimatingconsequencesand/orPOFvalueswill
unnecessarilyinflatethecalculatedriskvalues.
2. RiskAssessmentPersonnel.Thisperson(s)shouldhaveathoroughunderstandingofriskanalysisby
education,training,and/orexperience.He/sheshouldhavereceiveddetailedtrainingontheRBI
methodologyandontheproceduresbeingusedfortheRBIassessment.
3. Boundarylimitsareidentifiedtodeterminewhatisvitaltoincludeintheassessment.
4. ManagingRiskbyReducingUncertaintyThroughInspection
5. RBIprocessshouldbethelinkageofriskswithappropriateinspection,processcontrolorotherrisk
mitigationactivitiestomanagetherisks.
6. TheprimaryworkproductsoftheRBIassessmentandmanagementapproachareplansthataddress
waystomanagerisksonanequipmentlevel.
7. AnISOrisklinerepresentsaconstantrisklevel
8. AchievingLowestLifeCycleCostswithRBI.RBIshouldenhancethepredictionoffailurescausedby
damagemechanisms.
9. Riskreductionisonlypartofriskmanagement.
10. Riskbasedinspectionisatooltoprovideananalysisoftherisksoflossofcontainmentofequipment.
11. Riskoffirenumerical.
12. Removalofdeadlegs,providemitigationofPOF.
13. Riskavoidance
14. Groupcomponentsthathavethesamematerialofconstructionandareexposedtothesameinternal
andexternalenvironment.
15. Safetyconsequencescouldbeexpressedbasedontheseverityofaninjury(e.g.fatality,serious
injury,medicaltreatment,firstaid)orexpressedasacategorylinkedtotheinjuryseverity(e.g.A
throughE).
16. Akeyelementindeterminingthemagnitudeoftheconsequenceisthevolumeoffluidreleased.
17. Theequipmentinspectororinspectionspecialistisgenerallyresponsibleforgatheringdataonthe
conditionandhistoryofequipmentinthestudy.
18. RiskAnalystisresponsibleforassemblingallofthedataandcarryingouttheRBIanalysis
19. FailureModesmallhole.
20. QualityofinputdataisequallyimportantnomatterwhatapproachtoRBIisselected.
21. Thepurposeofestablishingoperationalboundariesistoidentifykeyprocessparametersthatmay
impactdeterioration.
22. TheprimaryproductofanRBIeffortshouldbeaninspectionplanforeachequipmentitemevaluated.
23. Theleveloftheunmitigatedriskshouldbeusedtoevaluatetheurgencyforperformingthe
inspection.
24. AnRBIassessmentmadeonnewequipmentoranewproject,whileinthedesignstage,mayyield
importantinformationonpotentialrisks.
25. Aqualitativeanalysisusingbroadrangesrequiresahigherlevelofjudgment,skillandunderstanding
fromtheuserthanamorequantitativeapproach.
26. Recordoftheteammembersinvolvedshouldbecaptured,aswellastheskillsetthattheybringto
theteamforRBIpurposes.Thiswillbehelpfulinunderstandingthebasisfortheriskassessment
whentheanalysisisrepeatedorupdated.
27. Natureandextentofdamagemechanism,isoftenunpredictable.
28. TheRBIprocessisfocusedonmaintainingthemechanicalintegrityofpressureequipmentitems.
29. Probabilityoffailureofspecificconsequenceisdependingon.1)Magnitudeofevent2)consequence
offailure.
30. ThemainproductionconsequencesforRBIarefinancial.
31. ThedataqualityhasadirectrelationtotherelativeaccuracyoftheRBIanalysis.
32. Riskisthecombinationofoccurrenceofeventanditsconsequence.
33. Theresultsofinspections,changesinprocessconditionsandimplementationofmaintenance
practicescanallhavesignificanteffectsonrisks,andthereforetheinspectionplanandcantriggerthe
needtoperformareassessment.
34. Reassessmentofriskisperformedexceptrerating.
35. Theriskremainingafterriskmitigationiscalledresidualrisk.
36. Theriskpriortomitigationactivitiesisunmitigatedrisk.
37. AQRAdealswithtotalrisk,notjustriskassociatedwithequipmentdamage.
38. Continuumofapproaches