API 580 Risk Based Inspection Practice Test

What is the first step in the logical progression of risk analysis?

1. Identify damage mechanisms

2. Collect data

3. Determine risk

4. Evaluate residual risk

The correct answer is: Collect data

The first step in the logical progression of risk analysis is to collect data. Gathering relevant data is essential as it provides the foundational information needed to understand the system or equipment being assessed. This data may include historical operational conditions, maintenance records, inspection results, and any previous assessment findings. Without a comprehensive dataset, subsequent steps in the risk analysis process—such as identifying damage mechanisms or determining risk—would lack the necessary context and accuracy. Effective data collection forms the bedrock on which the rest of the risk analysis workflow is built, enabling analysts to make informed decisions that lead to identifying relevant risks and evaluating potential consequences.