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API-580 Exam Dumps - API ICP Programs Questions and Answers

Question # 4

Which aspect of risk assessment is common to all types and levels of RBI?

Options:

A.

Logic models

B.

Risk plots

C.

Expert opinion

D.

Calculated risk levels

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Question # 5

Inspection alone cannot adequately manage risk for equipment:

Options:

A.

that is nearing end of service life.

B.

with high probability of failure.

C.

that has cracking mechanisms.

D.

frequency dominated risk.

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Question # 6

Which of the following would be the minimum expectations of contractors hired to implement an RBI program?

Options:

A.

Certification in accordance with API RP 580

B.

Documented training in damage mechanisms

C.

Certification of corrosion/materials specialist to API RP 571

D.

Documented training and suitably qualified personnel

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Question # 7

A risk assessment requires a cost estimate of potential environmental damage. Vessel replacement cost is $116,000, and downtime will be 15 days at a cost of $55,000 per day. The EPA fine for a leak of more than 1500 gallons is $1,650,000, and cleanup will cost $1,145,000. What total value will be assigned to the environmental cost of a leak?

Options:

A.

$1,145,000

B.

$1,650,000

C.

$2,795,000

D.

$3,620,000

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Question # 8

The consequence analysis in an RBI program is performed to:

Options:

A.

discriminate between equipment items on the basis of the significance of a potential failure.

B.

establish on the basis of consequence a prioritized ranking of equipment items for RBI plans.

C.

establish on the basis of consequence a relative risk ranking of equipment subject to failure.

D.

provide management with numerous options for limiting the consequence of a potential failure.

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Question # 9

With regard to initial assumptions in an RBI analysis, which of the following statements is correct?

Options:

A.

Consequence and probability estimates that are too conservative can result in unnecessarily inflated calculated risks.

B.

Consequence and probability estimates that are more conservative will result in less-intrusive inspections.

C.

Conservative consequence and probability estimates will be necessary to meet regulatory requirements.

D.

Conservative consequence and probability estimates result in fewer mitigation needs.

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Question # 10

Which of the following are essential elements of an RBI program? (Select all that apply)

Options:

A.

Management system for personnel qualifications

B.

Documented method of determining failure probability and consequence

C.

Management system for maintaining documentation and analysis updates

D.

Process hazard analysis to verify the adequacy of process safety

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Question # 11

When collecting data and information, which of the following describes the role of RBI data precision?

Options:

A.

It is considered synonymous with accuracy.

B.

It generally cannot be combined with other risk analysis.

C.

It must be the same for all RBI methods considered.

D.

It should be consistent with the type of RBI method used.

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Question # 12

Which of the following has the most direct relation to the relative accuracy of the RBI analysis?

Options:

A.

Data precision

B.

Data quality

C.

Data sources

D.

Data validation

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Question # 13

What is the main function of the RBI team leader?

Options:

A.

To integrate all parts of the RBI team and process

B.

To provide sponsorship and resources

C.

To assemble all the data for analyses

D.

To verify the data being used is correct

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Exam Code: API-580
Exam Name: API 580 - Risk Based Inspection
Last Update: Jun 14, 2025
Questions: 90
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