Risk-Based Inspection (RBI)
Risk-based inspection is an inspection-planning methodology, formalised for pressure equipment and pipelines in standards such as API 580 and API 581, that ranks assets or segments by risk - generally likelihood of failure multiplied by consequence of failure - so inspection frequency and effort are weighted toward the highest-risk locations rather than applied uniformly on a fixed calendar. An RBI programme is only as accurate as the evidence feeding its risk calculations; stale or inconsistent inspection data quietly degrades the ranking even when the underlying methodology is sound.
See how Sentrix puts this to work
This is one term out of many an integrity team has to track. Sentrix turns the underlying inspection evidence into a standardised, prioritised, defensible decision - see the platform, or explore the free tools.