Professional Documents
Culture Documents
Risk Assessment
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Definitions
Measuring Risk
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Traditional Way
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Methodology
Identify
Deterioration
Mechanisms
Data
Collation &
Analysis
Risk Analysis
Inspection
Resolutions
of Actions
Life Cycle
Database
Repairs &
Modifications
Execution
of
Inspection
Develop
Inspection
Plans
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Methodology/Program
Identify
Deterioration
Mechanisms
Risk Analysis
Materials/NDT Expertise
Data
Collation &
Analysis
Operational
Knowledge
Design
Expertise
Maintenance
Expertise
Inspection
Technology
Repairs &
Modifications
Resolutions
of Actions
Execution
of
Inspection
Develop
Inspection
Plans
RiskMet Database
Collect Data
Review Data
Identify Deterioration
Mechanisms
Identify Actions
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Risk Analysis
LIKELIHOOD
CATEGORY
Medium-High Risk
High
High Risk
Risk
3
2
1
Medium Risk
Medium Risk
Low Risk
A
CONSEQUENCE CATEGORY
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Identify Actions
Actions
Mitigating Actions
Install isolation valves
Change material of construction
Add a spare unit
Design Change
Install leak detection system
Instigate routine inspection
Set up monitoring systems
More detailed assessment
Evaluate Creep Life
Critical defect size determination
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Key Learning's
Reduction in
unplanned downtimehigher confidence in
detecting the onset of
deterioration
Cost of getting it
wrong once outweighs
the saving of one
exercise.
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