Risk-based inspection (RBI) quantifies risk and gives you the wisdom to make informed decisions about how, where, and when to inspect assets. Remove uncertainty by evaluating your equipment and re-focusing inspection efforts on the highest-risk items. Unlike a time-based approach, RBI prioritizes an in-service inspection program based on the probability of failure (POF) as well as the consequence of failure (COF). By adjusting coverage on lower-risk items and focusing on high-risk equipment, you can increase equipment run life, save money on unnecessary inspections, and have fewer unanticipated failures.
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