Civil Engineering Reference
In-Depth Information
Ranking
system
Inspection
program
Modification to
ranking data and
re-ranking
Inspection
results
Evaluation
FIGURE 8.4
Risk ranking procedure.
TABLE 8.27
Risk Matrix Based on API SIM
Likelihood of Failure
Low
Medium
High
Consequence of
Failure
High
Risk level 2
Risk level 1
Risk level 1
Medium
Risk level 3
Risk level 2
Risk level 1
Low
Risk level 3
Risk level 3
Risk level 2
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