An Inspection Strategy defines the overall methodology used to manage inspection programs across an asset, plant or organization. It establishes the inspection philosophy, applicable methodologies, inspection techniques, prioritization criteria, inspection intervals and decision-making processes used to achieve integrity, reliability, regulatory and business objectives. Inspection Strategies are typically based on equipment criticality, degradation mechanisms, risk assessments, historical inspection data, operating conditions and applicable industry standards. The strategy provides the framework from which individual Inspection Plans are developed and ensures that inspection resources are directed towards the equipment presenting the greatest business and safety risk. Inspection Strategies are periodically reviewed and updated to reflect changes in operating conditions, inspection results, equipment performance and organizational risk tolerance.