RBI Risk

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Calculation of Risk

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.

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 vs. Level of Inspection.PNG