What Does Risk Based Inspection (RBI) Mean?
A risk based inspection (RBI) is the industrial process of designing and implementing an investigative schedule and/or procedure to assess the probability of a material or component failure occurring.
Therefore, regular inspections must be performed on operational and equipment units to prevent unsafe conditions or negative environmental events. Risk based inspections perform a risk analysis to assess the likelihood of equipment failure with the use of specialized monitoring technology and know-how.