API 580 Risk Based Inspection Practice Test

Which factor is NOT typically considered during the screening steps in RBI?

1. Asset age

2. Cost of capital

3. Proximity to environmentally sensitive areas

4. History of issues

The correct answer is: Cost of capital

During the screening steps in Risk-Based Inspection (RBI), the factors evaluated typically include those that directly influence the risk profile and operational integrity of assets. Asset age is important because older assets may have a higher likelihood of degradation or failure due to wear and tear. Assessing proximity to environmentally sensitive areas is critical as it focuses on potential impact and consequences of failures in those sensitive locations. The history of issues pertains to past performance and can indicate patterns that may predict future risks based on previous failures or maintenance challenges. Cost of capital, however, is generally more relevant to the financial assessment of investment decisions rather than an immediate factor in the screening process for risk management. It does not directly affect the risk associated with asset integrity or safety, which is the primary focus of screening in RBI. Therefore, it is not typically considered during the initial screening stages, making it the correct answer to the question.