What does RBI stand for in the context of inspection planning?
Risk-Based Inspection
Is the use of Risk-Based Inspection (RBI) methodologies for inspection planning compulsory?
No, its optional
Which API codes impose requirements and limitations on RBI methodologies?
API 570, 510 & 653
Which API recommended practice contains the requirements and expectations to establish and maintain an RBI program?
API 580
What is the first step in the RBI systematic process?
Identification of facilities or equipment
After identification, what does the RBI process continue with?
Determination of risk via probability of failure and consequence of failure analysis
What two analyses are used to determine risk in RBI?
POF & COP analysis
What does the RBI process culminate in?
Creation of a risk output
How is the RBI risk output utilized?
To prioritize the execution of inspection programs effectively and efficiently
Name three synonyms for Risk-Based Inspection (RBI) mentioned in the document.
Risk-prioritized inspection (RPI)
* Risk-informed inspection (RII)
* Inspection planning using risk-based methods (IPRBM)
What is the primary purpose of RBI in the industry?
To enable risk-prioritized, risk-informed inspection and inspection planning using risk-based methods
Why must RBI programs comply with API 580?
It contains the requirements and expectations required to establish and maintain them
In RBI, what does ‘probability of failure’ refer to?
The likelihood of failure based on analysis
In RBI, what does ‘consequence of failure’ analysis assess?
The impact or severity of failure
How does RBI differ from traditional inspection planning?
It uses risk analysis to prioritize rather than fixed schedules
