A most common indicator in consequence analysis is:
A.
cost of loss.
B.
environmental damage.
C.
affected area.
D.
number of injuries.
The Answer Is:
A
This question includes an explanation.
Explanation:
According to API 580 Section 10.3.3:
“Cost is commonly used as an indicator of potential consequences. Consequence may be expressed in relative monetary units (e.g. dollars)… This will permit adding the different consequences of a single event and facilitate comparisons of risk from one process unit to another.”
Cost can represent multiple consequence dimensions, including production loss, emergency response, equipment damage, fines, and more. This method enables direct comparison of diverse consequence types on a unified basis, making it the most commonly applied indicator in practice.
[Reference: API 580, 2nd Edition (2016), Section 10.3.3, ]
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