In any industrial facility or plant, buckling poses a significant risk to nearly all components under compressive stress. Several finite element analysis (FEA) tools are used to solve complex buckling issues; however, without fully understanding the underlying mechanics and other relevant factors, the results can be misleading. In this article, Derek and Matthew review the methodology and limitations of the ASME VIII-1, ASME VIII-2, and AISC 360 standards for assessing buckling in beams, columns, steel structures, and pressure vessels.