We find Risk Cost in terms of dollars and safety exposure for extra savings and added safety
In Design & Procurement - Look ahead for Operation implications:
- pie_chart Concept designs that meet Asset Management goals
- build Truly manageable integrity and compliance
- access_time Solutions which are fit for service during the whole life
In Operation - Loop Control of Risks:
- verified_user Particular risk controls are adequate to the risk levels
- access_alarm Timing of inspection and maintenance is optimal
- equalizer Depth of risk assessments is failure risk proportional
In Troubleshooting or Life Extension - Assess Costs and Benefits:
- playlist_add_check Mitigation versus Inaction scenarios were studied
- iso All risk control options are evaluated
- flash_on Probability of failure is controlled down to tolerable
What does it mean in practice?
The pie charts in the left show inspection intervals of 40 pressure equipment units, determined using different methods.
We have developed CoRBI® to minimize subjective choices. Consider the PoF plot in the right and the role of the safety limit set on it - Whould that be feasible for you without the PoF knowledge?
