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API RP 580 - Risk Based Inspection (RBI)

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API RP 580, Risk-Based Inspection, Third Edition, is a recommended practice developed and published by the American Petroleum Institute (API) that outlines and explains the basic elements for developing, implementing and maintaining a credible risk-based inspection (RBI) program. It is a generic document on RBI that can be used as a measuring stick by which the quality of any and all RBI methods and work processes could be evaluated to determine if they meet the level of quality prescribed in the RP.

The first edition of API RP 580 was published in May of 2002. The latest is the third edition, published on February 1, 2016. API RP 580 is now an ANSI/API Standard, which was balloted and approved using the ANSI consensus process for creating American National Standards. As such, it becomes a "recognized and generally accepted good engineering practice (RAGAGEP)", for use by all companies in the oil and chemical industry.

API RP 580 is supplemented by the latest edition of API RP 581, Risk-Based Inspection Technology, published on April 12, 2016.

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