API 580: Risk Based Inspection (RBI)

1. Risk Management and Risk Reduction
2. Risk Analysis
3. Inspection Optimization
4. Relative Risk vs Absolute Risk

1. Key Elements and Types of RBI Assessment
2. Precision vs. Accuracy
3. Understanding how RBI can help to Manage Risks
4. Relationship with Other Risk-Based and Safety Initiatives

1. Establishing the Objectives and Goals
2. Initial Screening
3. Establish Operating Boundaries
4. Selecting a Type of RBI Assessment

1. RBI Data Needs
2. Data Quality
3. Codes, Standards and Site Specific Data

1. Some Special Cases
2. Protecting Sensitive Equipment

1. Probability Analysis
2. Determination of POF (Probability of Failure)

1. Consequence Analysis
2. Volume of Fluid Released
3. Consequence Effect Categories
4. Determination of the COF (Consequence of Failure)

1. Determination of Risk
2. Risk Management
3. Sensitivity Analysis
4. Assumptions
5. Establishing Risk Thresholds

1. Managing Risk through Inspection
2. Identifying Risk Management Opportunities from RBI Results
3. Establishing an Inspection Strategy Based on Risk Assessment
4. Managing Risk with Inspection Activities
5. Managing Inspection Costs with RBI
6. Assessing Results and Determining Corrective Action

1. Equipment Replacement and Repair
2. Evaluating Flaws for Fitness-For-Service
3. Equipment Modification, Redesign and Rerating
4. Emergency Isolation and Depressurizing
5. Modifying the Process
6. Integrity Operating Windows
7. Reduce Inventory
8. Water Spray/Deluge or Water Curtain
9. Blast-resistant Construction

Why and when to conduct an RBI Assessment

1. Team Approach, team members
2. Training and Qualification for RBI Application

1. RBI Methodology and Personnel
2. Timeframe
3. Basis for Assigning Risk and Assumptions
4. Results, Mitigation and Follow-up

1. Planning, Data and Information Collection
2. Damage Mechanisms and Failure Modes
3. Assessing POF and COF
4. Risk Determination, Assessment and Management
5. Risk Mitigation Activities
6. Roles, Responsibilities and Documentation