Risk Based Inspection 2013

Risk Based Inspection (RBI) is a methodology for systematic decision making to identify components which are more likely to fail, causing damage to personnel and environment in addition to expensive production shutdowns. It combines the principles of risk (likelihood of a failure multiplied by its consequences) with operational experience to obtain a cost effective inspection program targeting inspection where and when it is needed.
It is undeniable on the importance of implementing an effective risk based inspection planning, considering the consequences that might take place such as equipment unreliability, longer inspection/maintenance interval, low production performance, disruption in production cycle as well as high profit loss to the companies.
To summarize it, implementing an effective inspection and maintenance planning within the plant management is very crucial and should be view as a long term investment in achieving a sustainable production’s growth.

Key benefits for attending this event
IDENTIFY and distinguish the various components of a Risk Based Inspection Program
EVALUATE the thorough understanding of the essential elements of Risk Based Inspection
PINPOINT the differences between the approaches for RBI analysis. Quantitative, Semi Qualitative and Qualitative RBI systems will be reviewed
MEASURE the responsibilities of the various personnel involved in the RBI team and evaluate the documentation required for the development of a RBI Program
UNDERSTAND the concept of equipment and plant risk, be able to identify and quantify risk and risk mitigation measures
RECOGNIZE and establish objectives for the Risk Based Inspection Program
DEVELOP the strategies and procedures for inspection including the job specifications, application standards & data collection procedures
GAIN INSIGHTS into the basic preparation requirements for the API 580 Certification Examination