RBI Risk: Difference between revisions
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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]] | |||
Revision as of 17:26, 22 April 2014
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. The below graphic shows how residual risk is not affected by RBI.
