Professional Documents
Culture Documents
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Asset
Replacement
Planning
Risk Based
Design
Condition
Assessment
Remnant Life
Fitness for Purpose
Extended Life
On-line Monitoring
Strong Vibration
Inspection Planning
Risk centered
maintenance
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Benefit
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Mitigation
Risk Ranking
Severity
Categories
Likelihood Categories
Definitions
Safety
Criteria/Req/Rules
Analysis
Inspection/FR
Data
Statistical
Analysis
Reliability
Prediction
FE Analysis
System/Design
Modelling
FTA/FMEA/CCA
Fracture/Fatigue
Assessment
HAZOP/FFA
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Likelihood of failure
Determine Likelihood of
Structural Failure
Consequence
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Cat
Annual Probability
Description
Quantitative
Event
Team Experience
>10-2
Almost certain
10-3 to 10-2
probable
It is a occurrence in the
industry in the last year.
10-4 to 10-3
Possible
10-5 to 10-4
Unlikely
<10-5
Rare
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Environment damage
Member
characteristics
Asset loss
Business
interruption
Safety
Cat
Qualitative
catastrophe
Essential members
to the integrity of the
system
Extensive damage
>100 million USD
100 days
Major
Essential members
to the operational
performance of the
system
Major damage 10
-100 million USD
10 days
1 fatality (or
permanent total
disability)
Considerable
Non-Essential
members but failure
can impede the
performance of the
system.
3 days
significant
Redundant member
through mitigation
1 day
Minor injury/illness,
restricted duties or lost
time injury (<4 days)
Insignificant
Redundant
members
Slight damage
<0.1 million USD
General
< 1 day
Slight injury/illness,
first aid or medical
treatment case
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Consequence from damage to reputation is to be implicitly considered in each of the above categories.
Probability of failure
Production loss
Contractual penalty
Negative publicity
Cost of repairing
Threat to public health, environment
Probability of failure
Low
Consequence
of failure
Moderate
High
High
Moderate
Low
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Risk reduction --- lower overall risks with the same investment
Cost reduction -- efficient use of resources for the same target risk level
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when to inspect
how to inspect
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Assessment of different
remediation options to
determine most optimal
action
2.
Total Cost
Optimal
Cost
1.
Remediation
Cost
Failure
Cost
Do nothing
Do everything
Remediation Alternative
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Analysis Types
1.
2.
3.
4.
5.
6.
Fracture Mechanics
7.
Corrosion Engineering
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Uncertainties represented
explicitly
Reserve Strength
Mean Resistance
Mean Load
Frequency
Failure
S S
R R
Load
Resistance
Value
1. Load Reduction
2. Strengthening
3. Reduction in uncertainties
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12
10
4
M in . V a lu e
( 5 % o f N o n - Ex c e e d a n c e )
2
M a x . V a lu e
( 9 5 % o f N o n - Ex c e e d a n c e )
0
0 .0
0 .1
0 .2
0 .3
0 .4
0 .5
0 .6
C o r r o s io n R a t e ( m m / ye a r )
21
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