Risk based inspection (RBI) prioritizes assets based on their associated risks. In doing so, RBI increases resource efficiency by ignoring assets with inconsequential risk and instead focusing on assets with critical failure modes.
A generic way to estimate risk in a risk based inspection program is: Probability of Failure (PoF) x Consequence of Failure (CoF) = Risk
Download this checklist to learn the general first steps for implementing a risk based inspection program. Discover what types of data to collect and how to go about calculating risk.
Download the checklist
Fill out the form below and the checklist will be sent to your email address.


Benefits of a Risk Based Inspection program
Implementing a risk based inspection program provides a number of benefits, including:
- Overall reduction in risk for the assets assessed
- An understanding or acceptance of the current risk
- To maintain license to operate
When implemented appropriately, a RBI program provides numerous advantages to both oil and gas industries as well as industries outside the hydrocarbon and chemical process industry. While not the primary goal, RBI reduces maintenance costs by more efficiently allocating inspection resources on high risk equipment, it increases safety by giving organizations a better understanding of their risks, and it maintains business operations by focusing on risks that threaten critical processes.
Get inspired
We explain why it is not the right strategy to cut maintenance cost if you want a sustainable strategy with lasting results for your OEE.
Download our whitepaper to learn the key insights for implementing a successful preventive maintenance program.
This article provides an overview of MTBF and outlines how to use this knowledge to calculate, improve, and use these metrics for building KPIs.