Risk Based Inspection

The concept of risk analysis has been around for a long t ime and Risk Based Inspection (RBI) programs have generated considerable interest in industry. Effective implementation of a Risk Based Inspection program extends the operating life of equipment and piping, safely and c ost effectively. RBI is accepted as good engineering practice for the implementation of inspecti on and maintenance programs and has its roots in Proces s Safety Management and Mechanical Integrity programs. The objective, principals and practices of Risk Based Inspection are demonstrated and explained. The target audience for this paper is engineers, inspect ors and managers who want to understand what Risk Based Inspection is all about, what are the benefits and l imitations and how inspection practices can be changed to reduce risks, save costs without impacting safety risk.