• RiskWISE® is a software tool that automates the methods and procedures of risk-based

inspection (RBI) in process plants, according to API RP 580, API RP 581 and TWI’s
proprietary procedures.

RiskWISE® is limited to the assessments of process piping, pressure vessels, tanks and
pressure relief devices.

RiskWISE® is used to enable the facility contractors, operators or owners to establish an

optimum inspection strategy; inspection programs; and maintenance decisions.
For a particular event, risk is the combination of the probability of that event occurring during a
time period of interest, and the consequences associated with it. Risk can also be expressed by the
equation:

Risk = Probability x Consequence.

Risk management shall leave an acceptable amount of risk, where no mitigation actions are
required.

Contrary to the periodic inspection of systems, structures and components of a particular facility,
the risk-based approach provides a knowledge basis for:

1) What parts of the facility’s systems, structures or components need to be inspected?

2) For what degradation mechanism a particular system, structure or component needs to be
inspected?
3) Where in a particular system, structure and component shall the inspection be implemented?
4) How shall a particular system, structure or component be inspected?
5) What data and measurement quality are required from an inspection program?
• An RBI assessment can be qualitative, quantitative, or semi-quantitative.
• The choice of approach is dependent on multiple variables such as:
 Objective of the study.
 Number of facilities and equipment items to study.
 Available resources, and assessment time frame.
 Complexity of facilities and processes.
 Nature and quality of available data.
 The amount of risk discrimination needed.
• All of such assessment methods rely on the role of expert judgement, to a varying degree.
• In RiskWISE®, quantitative, semi-quantitative and fully-quantitative approaches are applied.
• Semi