A risk assessment methodology that prioritizes inspection activities according to the likelihood and consequences of equipment failure.
Risk-Based Inspection (RBI) is a systematic methodology for planning and optimizing inspection activities by evaluating both the Probability of Failure (PoF) and Consequence of Failure (CoF) associated with equipment degradation and failure. RBI enables inspection resources to be focused on higher-risk assets while maintaining acceptable levels of safety, reliability and regulatory compliance.
Risk-Based Inspection optimizes inspection programs by prioritizing inspection activities according to equipment risk.
Risk-Based Inspection is commonly implemented in accordance with API Recommended Practices 580 and 581, which provide internationally recognized guidance for developing, implementing and continuously improving RBI programs.
Risk-Based Inspection prioritizes inspection activities using equipment risk, whereas traditional inspection programs are typically based on fixed time intervals or prescriptive code requirements.
Inspection; Asset Integrity; Risk Management.
Oil and gas.; Petrochemical.; Chemical processing.; Power generation.; Pipelines.
API RP 580; API RP 581
VisualAIM connects glossary concepts to the asset records, inspection histories, and workflows they describe.