API PUBL 581 Risk-Based Inspection Base Resource Document

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API PUBL 581 Document Information:

Title
Risk-Based Inspection Base Resource Document

American Petroleum Institute

Publication Date:
May 1, 2000

Scope:

Scope

GENERAL

This document is about using risk as a basis for prioritizing and managing an inspection program, where equipment items to be inspected are ranked according to their risk. In nearly every situation, once risks have been identified, alternate opportunities are available to reduce them. On the other hand, nearly all major commercial losses are the result of a failure to understand or manage risk.

It is important to understand that the Risk-Based Inspection methodology, as presented in this Base Resource Document, represents only one of many possible approaches to the use of risk as an inspection criteria. As with all forms of risk assessment, many approaches are valid depending on the assessment goals and level of detail desired. inspection of all automobiles on a yearly basis. This action seems important intuitively, but what effect does it have? Does it affect the likelihood of accidents, the consequences, or both? Table 1-2 indicates some possible conclusions by examining the components of the vehicle inspection.

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