RBI Risk - Revision history

John Leavitt at 17:35, 22 April 2014

2014-04-22T17:35:35Z

← Older revision		Revision as of 17:35, 22 April 2014
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	[[File:RiskCalc.PNG]]		[[File:RiskCalc.PNG]]

			==Risk As a Function of Time==
			Risk from multiple causes do compound; however, they are not additive as the probabilities of failure for each cause are not additive.

	=Risk Cannot be Zero=		=Risk Cannot be Zero=
	Risk cannot ever be equal to zero because residual risk factors always exist. The below graphic shows how residual risk is not affected by RBI.		Risk cannot ever be equal to zero because residual risk factors always exist. The below graphic shows how residual risk is not affected by RBI.


	[[File:Risk vs. Level of Inspection.PNG]]		[[File:Risk vs. Level of Inspection.PNG]]

John Leavitt: /* Calculation of Risk */

2014-04-22T17:31:20Z

Calculation of Risk

← Older revision		Revision as of 17:31, 22 April 2014
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	=Calculation of Risk=		=Calculation of Risk=
	In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure. This can be seen in the below graphic.		In ReliaSoft RBI and API RP 581 risk is equal to the product of the probability of failure and the consequence of failure. This can be seen in the below graphic.

	[[File:RiskCalc.PNG]]		[[File:RiskCalc.PNG]]

John Leavitt at 17:30, 22 April 2014

2014-04-22T17:30:32Z

← Older revision		Revision as of 17:30, 22 April 2014
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	{{Template:RBIClass\|RBI Risk\| }}		{{Template:RBIClass\|RBI Risk\| }}
	~~In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.~~

			=Calculation of Risk=
			In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure. This can be seen in the below graphic.

			[[File:RiskCalc.PNG]]

			=Risk Cannot be Zero=
	Risk cannot ever be equal to zero because residual risk factors always exist. The below graphic shows how residual risk is not affected by RBI.		Risk cannot ever be equal to zero because residual risk factors always exist. The below graphic shows how residual risk is not affected by RBI.


	[[File:Risk vs. Level of Inspection.PNG]]		[[File:Risk vs. Level of Inspection.PNG]]

John Leavitt at 17:26, 22 April 2014

2014-04-22T17:26:53Z

← Older revision		Revision as of 17:26, 22 April 2014
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	Risk cannot ever be equal to zero because residual risk factors always exist. The below graphic shows how residual risk is not affected by RBI.		Risk cannot ever be equal to zero because residual risk factors always exist. The below graphic shows how residual risk is not affected by RBI.


	[[File:Risk vs. Level of Inspection.PNG]]		[[File:Risk vs. Level of Inspection.PNG]]

John Leavitt at 17:26, 22 April 2014

2014-04-22T17:26:46Z

← Older revision		Revision as of 17:26, 22 April 2014
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	Risk cannot ever be equal to zero because residual risk factors always exist.		Risk cannot ever be equal to zero because residual risk factors always exist. The below graphic shows how residual risk is not affected by RBI.
			[[File:Risk vs. Level of Inspection.PNG]]

John Leavitt at 17:15, 22 April 2014

2014-04-22T17:15:38Z

← Older revision		Revision as of 17:15, 22 April 2014
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	{{Template:RBIClass\|RBI Risk}}		{{Template:RBIClass\|RBI Risk\| }}
	In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.		In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.


	Risk cannot ever be equal to zero because residual risk factors always exist.		Risk cannot ever be equal to zero because residual risk factors always exist.

John Leavitt at 17:10, 22 April 2014

2014-04-22T17:10:39Z

← Older revision		Revision as of 17:10, 22 April 2014
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	{{Template:RBI\|}}		{{Template:RBIClass\|RBI Risk}}
	In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.		In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.


	Risk cannot ever be equal to zero because residual risk factors always exist.		Risk cannot ever be equal to zero because residual risk factors always exist.

John Leavitt at 17:05, 22 April 2014

2014-04-22T17:05:20Z

← Older revision		Revision as of 17:05, 22 April 2014
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	{{Template:RBI~~\|RBI Risk~~\| }}		{{Template:RBI\|}}
	In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.		In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.


	Risk cannot ever be equal to zero because residual risk factors always exist.		Risk cannot ever be equal to zero because residual risk factors always exist.

John Leavitt at 17:00, 22 April 2014

2014-04-22T17:00:12Z

← Older revision		Revision as of 17:00, 22 April 2014
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			{{Template:RBI\|RBI Risk\| }}
	In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.		In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.


	Risk cannot ever be equal to zero because residual risk factors always exist.		Risk cannot ever be equal to zero because residual risk factors always exist.

John Leavitt: Created page with 'In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure. Risk cannot ever be equal to zero because residual risk …'

2014-04-21T23:40:16Z

Created page with 'In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure. Risk cannot ever be equal to zero because residual risk …'

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In ReliaSoft RBI and API 581 risk is equal to the product of the probability of failure and the consequence of failure.

Risk cannot ever be equal to zero because residual risk factors always exist.