Search results
Results From The WOW.Com Content Network
Risk-based inspection (RBI) is an optimal maintenance business process used to examine equipment such as pressure vessels, quick-opening closure - doors, heat exchangers, and piping in industrial plants. RBI is a decision-making methodology for optimizing inspection plans.
API Recommended Practice 580, Risk-Based Inspection (see American Petroleum Institute) outlines such an audit as part of a Risk Based Inspection program. It checks that the most efficient and cost effective implementation of inspections and integrity management programs are being carried out.
Corrosion loop(s) are systematized analysis "loops" used during Risk-based inspection analysis. Both terms “RBI Corrosion loops” or “RBI corrosion circuits” are generic terms used to indicate the systematization of piping systems into usable and understandable parts associated with corrosion.
Risk assurance is often associated with accounting practices and is a growing industry whereby internal processes are developed to create a "checks and balances" system. These checks predominantly identify differences between risk appetite and real risk [ 1 ] .Business risk refers to factors that can affect the company, both internally and ...
Fluorescent penetrant inspection (FPI) is a type of dye penetrant inspection in which a fluorescent dye is applied to the surface of a non-porous material in order to detect defects that may compromise the integrity or quality of the part in question. FPI is noted for its low cost and simple process, and is used widely in a variety of industries.
Hazard analysis and risk-based preventive controls or HARPC is a successor to the Hazard analysis and critical control points (HACCP) food safety system, mandated in the United States by the FDA Food Safety Modernization Act (FSMA) of 2010.
Risk is the potential of losing something of value, weighed against the potential to gain something of value. Risk hinders the achievement of objective and it has two attributes. Likelihood: Probability of Risk Event (P) Consequences: Impact of Risk Event (I) In Risk based internal auditing two types of risks are considered. Inherent risk
Risk control logically follows after hazard identification and risk assessment. [3] The most effective method for controlling a risk is to eliminate the hazard, but this is not always reasonably practicable. There is a recognised hierarchy of hazard controls which is listed in a generally descending order of effectiveness and preference: [3]