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a) What is risk-based verification (RBV) of offshore installations in operations? b) What are the major steps in a RBV scheme? A brief explanation

a) What is risk-based verification (RBV) of offshore installations in operations? b) What are the major steps in a RBV scheme? A brief explanation of each step is required. c) d) e) What is the definition of safety critical elements in an offshore installation? What is Independent Competent Person (IPC) in RBV of offshore installations in operations? What are the responsibilities of the ICP? What is the Performance Standard of a safety critical element in RBV of offshore installations in operations? f) What are the benefits and limitations of implementing RBV of offshore installations in operations?

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