Risk Based Inspection (RBI)
Definition - 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.
Corrosionpedia explains Risk Based Inspection (RBI)
Risk based inspections are often compulsory regulatory requirements in most jurisdictions for heavy equipment industries such as mining, petroleum and mineral processing. Such industrial processes often have high pressure vessels, dangerous chemicals in large volumes and hundreds of personnel employed to facilitate daily operations. As such, the severity and impact of an industrial failure of equipment due to wear, neglect, corrosion or human error is significant.