Since our inception, Asset Optimization Consultants has been in the business of providing Risk Based Inspection services to our clients. We offer a wide array of RBI services ranging from periodically answering simple Mechanical Integrity questions to all aspects of a full RBI implementation. We are set up to work both directly with our clients as well as being able to offer virtual support.
AOC also provides a complete suite of auxiliary and supporting services including corrosion analysis and damage mechanism review, inspection effectiveness evaluation, piping circuitization, project management, training in software and RBI methodology, and much more.
According to API Recommended Practice 580, Risk Based Inspection (RBI) is defined as
"a risk assessment and management process that is focused on loss of containment of pressurized equipment in processing facilities, due to material deterioration. These risks are managed primarily through equipment inspection."
Implementing a Risk Based Inspection program can provide benefits including reduced risk, optimized inspection planning, and cost savings. The output of an RBI assessment is an inspection plan that identifies the inspection methods, extents, and intervals necessary to mitigate the identified risks.
At its most basic level, RBI involves looking at the likelihood of a piece of equipment failing vs. the consequences of the failure of the equipment and ultimately assigning a value representing the risk associated with that piece of equipment.
When all the identified equipment has been assigned a risk value, inspections can be prioritized to ensure that they reduce the risk of failure. By identifying and prioritizing equipment by risk, limited inspection and maintenance budgets can be optimized to focus inspection resources and maintenance dollars on the highest risk equipment.
Once inspection and maintenance activities have been completed, risk should be recalculated taking into consideration inspection effectiveness and risk mitigation steps. The inspection plan should also be reviewed to make the best use of limited inspection and maintenance resources.
A typical Risk Based Inspection implementation includes:
Whether you're using qualitative, semi-quantitative, or quantitative RBI, the Risk Based Inspection methodology has proven to deliver high value to the petrochemical industry and other industries in which Asset Performance Management is of value.
Here are some of the typical challenges that the US Petrochemical Industry faces today:
The major benefits that are evident to our clients include:
Our RBI consultants have implemented hundreds of risk-based projects. We are well versed in RBI methodology and a variety of RBI software applications.
Through a combination of experience and expertise, AOC has earned the trust of owner operators by delivering sustainable value through Learning Management.
As former Capstone founders and GE APM (Meridium) consultants, we have implemented hundreds of RBI programs, delivering measurable benefits to our clients that:
With our extensive knowledge as plant engineers, we are able to deliver meaningful KPIs that we have documented through co-authored papers with our clients through NACE, AIChE, CCPS, NPRA and AFPM. Our consultants continue to keep the trust of our clients. This is why the majority of our clients have been with us for over fifteen years.
Our consultants are all required to be certified to the latest edition of API 580 and undergo an internal certification to ensure they are qualified as RBI risk analysts as per API 581.
Our method for success is our Learning Management approach. We share our experience as GE APM (Meridium) Certified Service providers and our technical knowledge with our clients' employees. With the use of just-in-time training modules our clients' direct personnel and contractors master each part of the RBI work process to ensure that:
Our approach to learning management is perfected with the measurement of performance. We utilize skills assessment tools to analyze and perfect the performance of the RBI program and the people that manage the program.
Whether utilizing AOC personnel or our clients' resources, our method for delivering early time to value and early ownership is Learning Management. Our approach delivers training modules specific to the clients' choice of RBI technology, while our business process best practices, RBI work instructions, skills validation and mentoring align our clients' employees every step of the way from project execution through to a sustainable program.
When evaluation of inspection results suggest that an asset is near its end of useful life, Fitness for Service evaluations can determine if the asset us suitable for continued operation.
Asset Optimization's Inspection Group provides our partners with comprehensive inspection resources to further support our internal needs and the needs of our partners. Consisting of both API-certified inspectors and ASNT-compliant technicians, our inspection team offers a variety of visual inspection and NDE services.
Development of maintenance strategies, recommendations, and plans to implement best practices and increase asset life
How well do you know RBI? Take this short quiz to test your knowledge of the API 580 risk-based inspection (RBI) work process.
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A deep dive into quantitative Risk Based Inspection (RBI) as outlined in API 581.
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