Blogs tagged rbi

Managing risks is crucial for effective asset performance management. Introduction: Asset Performance Management (APM) is a critical component in ensuring the smooth operation of any business. However, the challenges faced by organizations, such as... Read More »

The methodology of Risk-Based Inspection ranges from qualitative to quantitative and everything in between. In the era of digitalization, there exist numerous RBI (risk-based inspection) methodologies and software. Companies are trying to comprehend... Read More »

Tracing the Evolution of API 571 A Comprehensive History of the In-Service Equipment Maintenance Standard API 571 is a standard developed by the American Petroleum Institute (API) that provides guidelines for inspecting, evaluating, and maintaining... Read More »

What Is Risk? The word risk can have different meanings in English, depending on the context. Quite often, it means chance or probability. In insurance and financial circles, the word describes an asset, a person, or a financial instrument.... Read More »

Within the Oil and Gas, Petrochem, and Chemical businesses, people are challenged with removing as many hazards as possible to avoid Loss of Containment. In the design of process systems, Layers of Protection are defined and implemented to ensure... Read More »