Page 550 - Marine Structural Design
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526                                                    Part V Risk Assessment


                 to  that  described in  Section 29.1  to  Section 29.3  of  this  Chapter.  LR  (1999)  guidelines
                 additionally included the following:
                    A “critical element’’ is a part of the installation, or a system, sub-system or component,
                    which is essential to the safety and integrity of the installation in relation to the identified
                    hazards.
                    “Performance standards” are statements that can be expressed in qualitative or quantitative
                    terms, of the performance required of a critical element in order that it will manage the
                    identified hazards to ensure the safety and intesty of the installation.
                    “Verification”  is  the  confirmation  by  a  process  of  examination  of  the  design,
                    manufacturing, construction, installation and  commissioning of  the  critical elements in
                    order o demonstrate that they meet the required performance standards. The verification
                    may be used for new construction and in-service installations.
                    “Inspection  and  maintenance  plan”  is  the  OwnedOperator‘s  program  of  scheduled
                    inspection  and  maintenance activities  that  ensure  the  required  performance standards
                    continue to be met in service, to maintain the safety and integrity of the installation against
                    the identified hazards.

                  29.4.2  Risk-Based Fatigue Criteria for Critical Weld Details
                  An example application is the determination of fatigue acceptance criteria for critical weld
                  details and the development of corresponding inspection and maintenance plan, as below:
                    Critical elements (weld details) are identified in  relation  to  the  fatigue failure through
                    screen analysis based on simplified fatigue assessment. The consequence of failure may
                    also be accounted for in relation to reduction to the safety and integrity of the installation.
                    In  the  design  phase,  performance  standards  (fatigue  acceptance  criteria)  may  be
                    established in quantitative terms, of the condition required for a weld detail, in order to
                    ensure that it will not experience the fatigue failure that threatens the safety and integrity
                    of the installation.
                    A verification process is applied for new construction projects to confirm that the selected
                    critical  elements  (weld  details)  meet  the  pre-defined  performance  criteria  (fatigue
                    acceptance criteria).
                    For an in-service installation, a program is established to schedule and plan inspection and
                    maintenance activities that ensure the required fatigue criteria are met against the fatigue
                     failure.  Verification  is  conducted  to  confirm  that  the  identified  critical  weld  details
                     continue to meet the pre-defined fatigue criteria.
                  29.4.3  Risk-Based Compliance Process for Engineering Systems
                  Due to the difficulty in developing prescriptive requirements for all possible system designs,
                  governmental regulations and industry design codes provide provisions for design equivalency
                  of  alternate  designs  to  the  existing  requirements.  Wilcox,  R.  and  Ayyub,  B.M. (2002)
                  proposed  a risk-based compliance approval process to deal with new  concepts and  special
                  classes of engineering designs by  establishing safety equivalency to  current standards and
                  existing accepted designs. Risk is used as an overall performance measure to assist in making
                  decisions  for  a  system  design.  The  risk-based compliance approval methodology aids  in
                  identifying critical factors for evaluating the minimum level  of performance necessary for
                  approval. The process may also be  suitable for assessing conventional engineering systems
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