Process of determining the severity of an imperfection which leads to determining whether the OCTG is acceptable or rejectable against the appropriate specification.
Source: API RP 5A5, Field Inspection of New Casing, Tubing, and Plain-end Drill Pipe, Reaffirmed August 2010. Global Standards
Process of examining, measuring and/or judging how well an entity, procedure, or action has met or is meeting stated objectives.
Sample Usage: After increasing the number of sensors at the port, the team conducted an evaluation to determine how the sensors reduced risks to the facility.
Annotation: Evaluation is the step in the risk management cycle that measures the effectiveness of an implemented risk management option.
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance
Evaluation is a design review and a performance test of a type of lifeboat release and retrieval system.
Source: IMO MSC.1/Circ.1392, Guidelines for evaluation and replacement of lifeboat release and retrieval systems, 27 May 2011, International Maritime Organization, Regulatory Guidance