Risk is defined as:
A. Cost × Time
B. Probability × Consequence✅
C. Failure × Repair
D. Design × Operation
Inspection primarily reduces:
A. Consequence
B. Probability of failure✅
C. Design
D. Cost
Low PoF + High CoF results in:
A. Low risk
B. Medium risk
C. High risk✅
D. Zero risk
RBI should be updated when:
A. Never
B. Conditions/data change✅
C. Only after failure
D. Fixed schedule only
When unsure between answers, choose:
A. Fastest option
B. Cheapest option
C. Safest + most data-driven option✅
D. Random
