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API Risk Based Inspection Professional Sample Questions (Q60-Q65):

NEW QUESTION # 60
_____________ 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. RCM
B. RBI
C. HAZOP
D. PHA

Answer: B

NEW QUESTION # 61
Termination of the ability of a system, structure, or component to perform its required function of containment
of fluid (le loss of containment)

A. Outcome
B. Risk
C. Failure

Answer: C

NEW QUESTION # 62
The amount and type of codes and standards used by a facility can have

A. Significant impact on rbi results
B. Less significant impact on rbi results
C. No impact on rbi results

Answer: A

NEW QUESTION # 63
Failure mode can primarily affects the

A. A&B
B. Magnitude
C. Consequences

Answer: B

NEW QUESTION # 64
Risk acceptance is normally determined on the basis of criteria defined:

A. in the RBI software.
B. by individual companies.
C. by regulatory authorities.
D. in API 580.

Answer: B

Explanation:
Section 11.3.1 of API 580 explicitly states:
"Many companies have corporate risk criteria defining acceptable and prudent levels of safety, environmental and financial risks... Because each company may be different in terms of acceptable risk levels, risk management decisions can vary among companies." This highlights that risk acceptance criteria are typically developed internally by organizations based on their own tolerance and business drivers-not by API or external regulations.
Reference: API 580, 2nd Edition (2016), Section 11.3.1

NEW QUESTION # 65
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