June 20, 2023 – June 22, 2023
This API-branded Risk-Based Inspection (RBI) training course gives attendees the basic understanding of RBI principles, recommendations, requirements, and the methodologies of API RP 580 and 581. With a heavy emphasis on API RP 581 technology, students learn how to apply RBI technology to processing equipment by determining the probability of failure, the consequence of failure, and risk. The culmination of the course occurs when the attendees learn how to plan for the equipment’s next inspection. Additionally, the instructors facilitate discussions on developing an RBI program using industry best practices to avoid common pitfalls and mistakes when implementing and maintaining your RBI program. Typical risk reduction and cost-benefit analysis of RBI programs are also presented. Finally, the instructors present a detailed, comprehensive example problem to demonstrate the step-by-step risk calculations for a typical pressure vessel using the methodology of API RP 581.