Risk-Based Inspection (RBI) is a systematic risk assessment and management methodology that uses risk as a basis for prioritising and managing an in-service equipment inspection programme. A RBI involves the quantitative assessment of the probability of failure (PoF) and the consequence of failure (CoF) associated with each equipment item such as pressure vessels, heat exchangers and piping systems in a process unit to determine inspection strategies for equipment. (Opposed to the Condition Based Inspection (CBI)).
Reference Definition by Inspectioneering.com: API RP 580: RBI (Risk-Based Inspection), Third Edition, is a recommended practice developed and published by the American Petroleum Institute (API). This RP outlines and explains the basic elements for developing, implementing and maintaining a credible risk-based inspection (RBI) program. It is a generic document on RBI that can be used as a measuring stick by which the quality of any and all RBI methods and work processes could be evaluated to determine if they meet the level of quality prescribed in the RP.
Related Definitions in the Project: The Risk Management; Quality Management; Operation and Maintenance; Project Management
