2- Terms, Definitions, Acronyms, and Abbreviations

Question 1

An ideal and accurate description and quantification of risk

Answer 1

absolute risk

Question 2

An outcome from an event

Answer 2

consequence

Question 3

The physical manifestation of damage

Answer 3

damage mode

Question 4

Assumptions made during the design

Answer 4

designe premise

Question 5

Occurrence of a particular set of circumstances

Answer 5

event

Question 6

An analytical tool that organizes and characterizes potential occurrences in a logical and graphical manner and shows the events relationship to each other.

Answer 6

event tree

Question 7

Events resulting from forces of nature and usually

beyond the direct or indirect control of persons employed at or by the facility

Answer 7

external events

Question 8

Termination of the ability of a system, structure, equipment, or component to perform its required function of containment of fluid

Answer 8

failure

Question 9

The manner of failure

Answer 9

failure mode

Question 10

Examples of failure modes are ,,,, and ,,,,

Answer 10

small hole, crack,

rupture

Question 11

A documented set of actions and/or strategies detailing the scope, extent, methods, and timing of specific inspection activities in order to determine the condition of a specific piece of equipment

Answer 11

Inspection Plan

Question 12

inspection plan is the product of a ,,,,,

Answer 12

RBI analysis.

Question 13

A line of constant risk and method of graphically showing probability of failure (POF) and consequence of failure (COF) values in a two-dimensional plot where risk increases toward the upper right-hand corner. Components near an ISO-risk line (or ISO-line for risk) represent an equivalent level of risk, while the contribution of POF and COF may
vary significantly

Answer 13

ISO-Risk

Question 14

A tool used to depict the effectiveness in depicting a combination of events that could result in a loss of containment
event.

Answer 14

logic model

Question 15

Extent to which an event is likely to occur within the timeframe under consideration

Answer 15

probability

Question 16

A competent person who has met the knowledge and skill requirements and expectations of the owner-user.

Answer 16

qualified person

Question 17

A risk analysis using primarily subject matter expertise and experience to assign broad categorizations for POF and
COF

Answer 17

Qualitative risk analysis

Question 18

A risk analysis that uses primarily model-based approaches where numerical values are calculated and more discreet
input data used.

Answer 18

Quantitative risk analysis

Question 19

The risk remaining after risk mitigation

Answer 19

residual risk

Question 20

Combination of the probability of an event and its consequence

Answer 20

risk

Question 21

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

Answer 21

risk analysis

Question 22

Overall process of risk analysis and risk evaluation

Answer 22

risk assessment

Question 23

A risk assessment and management process that is focused on loss of containment of pressurized equipment in processing facilities, due to material deterioration

Answer 23

Risk Base Inspection

Question 24

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

Answer 24

risk evaluation

Question 25

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

Answer 25

risk management

Question 26

A period of downtime to perform inspection, maintenance, or modifications

Answer 26

turnaround