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Risk Management

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Articles about Risk Management
July/August 2022 Inspectioneering Journal

It is important to seek the optimum FEMI risk tolerance and understand how to manage risks by optimizing your risk mitigation strategies. Locating the FEMI "sweet spot" on the risk curve will achieve the best return on our FEMI investments.

Authors: John Reynolds
Blog

An approach such as LVC can help enhance API 581 POF calculations for thinning. This method has proven to increase accuracy, precision, and has the flexibility to handle one-off cases that are handled manually today.

Authors:
Blog

This improved data can help us better predict failure, plan inspections in terms of time and coverage, and identify when inspections aren’t necessarily the right solution for mitigation.

Authors:
March/April 2022 Inspectioneering Journal

There are a lot of potential threats that can interfere with maintaining adequate FEMI. Using situational awareness effectively to anticipate FEMI threats, understand them, and prepare the necessary steps can avoid a potential LOPC from the threat.

Authors: John Reynolds
November/December 2021 Inspectioneering Journal

Utilizing a risk assessment methodology to determine the amount of detail in our QA/QC plans, as well as who needs to be involved, may help us improve both the effectiveness and the efficiency of our QA/QC work process.

Authors: John Reynolds
Partner Content

It’s a scary thought to think that with all the new advancements in technology, some facilities still rely on traditional inspection contractors that perform out of date procedures. You rely on technology to keep your home and identity safe, so...

July/August 2021 Inspectioneering Journal

A risk management approach for relief valves should be able to determine the proper interval of maintenance events and the necessity of installing isolation valves, rupture discs, or 100% spare capacity.

Blog

The article discusses how allowing ‘normalization of deviance’ to occur in the workplace raises our organizations’ risk threshold in an uncontrolled and unmanaged way.

Authors: Inspector Frank
Blog

This is the first article in a new column. In each article, the author will explore how different parts of organizations can partner to discover new efficiencies, improved equipment integrity, and opportunities to capture additional margin.

March/April 2021 Inspectioneering Journal

This article provides insights into the AIV damage mechanism, reviews approaches to calculate the probability of AIV failure in piping, provides design practices to prevent AIV failure, and introduces a RBI approach to evaluate risk of AIV failures.

September/October 2018 Inspectioneering Journal

Corrosion control knowledge and resources can be applied more effectively through the development and implementation of a corrosion management system (CMS). A CMS better-connects management system elements to the process of managing corrosion...

Partner Content

In today's chemical and refining industries, sustained long term reliability of facilities is critical to profitability and competitiveness. In fact, history shows that differences in operating expenses between best-in-class refineries, and poor...

January/February 2018 Inspectioneering Journal

Most of us that work integrity and reliability understand what we do and how we do it. But how many of us understand WHY we do things? Understanding the motives behind our activities, initiatives and programs can help to galvanize and lay a...

Authors: Greg Alvarado
September/October 2017 Inspectioneering Journal

Although value-drivers often differ between facilities, all can agree that effective asset management strategies should lead to better decision making. In this case study, the authors detail how process-based risk management strategies can make for...

May/June 2017 Inspectioneering Journal

Risk is an inherent aspect of asset management. Unfortunately, controlling it is easier said than done. Risk must be managed beginning with the initiation of a project and lasting until completion. How can one implement a reliable risk management...

Authors: Mike Asquini
January/February 2017 Inspectioneering Journal

Historically, if asked when or how likely an austenitic series stainless steel component is to crack, the usual answer was “very” or “maybe” or, later, “I didn’t see that coming.” With API’s new risk assessment methodology, the...

Authors: Murry Funderburg
November/December 2016 Inspectioneering Journal

This article summarizes seven key questions that an organization needs to answer to create a robust mechanical integrity program that is properly designed to monitor corrosion and indicate when issues increase to a level requiring review or...

Partner Content

Pinnacle's data-driven reliability framework ensures the right data is fueling the right intelligence, helping you make confident, strategic decisions.

September/October 2016 Inspectioneering Journal

Risk-based inspection (RBI) programs and processes are front and center, both as a challenge to get it right, and as an integral tool and process to help us achieve success in risk management and equipment reliability. It has to be implemented,...

Authors: Greg Alvarado
September/October 2016 Inspectioneering Journal

Having a systematic, proven methodology for effectively qualifying suppliers is extremely important. Supplier Technical Assessments, or “vendor assessments,” help buyers evaluate suppliers’ qualifications when considering their capabilities...

Authors: James Cheng
July/August 2016 Inspectioneering Journal

Turnarounds operate at a different pace than routine work. Most plant-based inspection departments have historically struggled with Turnaround document control, such as integrating contractor reports into their routine data management system. Our...

Authors: Guy Bogar
July/August 2016 Inspectioneering Journal

This article summarizes a recent finite element analysis (FEA)-based study that employs creep simulation techniques to investigate the elevated temperature response of piping with peaked longitudinal weld seams.

Blog

Anyone who knows me knows that Risk Based Inspection (RBI) and Risk Management are true passions of mine. I have dedicated much of my career to studying them, understanding their intricacies, and witnessing the benefits of their successful...

Authors: Greg Alvarado
Partner Content

Whether you decide for a Computed Radiography scanner with flexible imaging plates or a flat panel detector with the fastest imaging, or even combine the advantages of both technologies, DÜRR NDT's innovative systems offer high reliability and the...

Blog

Here are five common misconceptions about RBI that should not prevent you from gaining a more advanced understanding of the true state of your site's equipment. After all, the more we know, the better we can manage equipment integrity and make...

May/June 2016 Inspectioneering Journal

RBI and NII are designed to achieve significant cost savings and risk mitigation benefits over a piece of equipment’s lifetime in the long term.

Authors: Dr. Yury Sokolov
May/June 2015 Inspectioneering Journal

Pipeline integrity is critical to ensure maintenance and operational efficiency; however it is becoming an increasingly challenging task for the energy industry. Maintenance managers and inspectors must make sure their pipeline(s) and its associated...

May/June 2015 Inspectioneering Journal

Assessing risk is an integral part of working at a refinery. Infrastructure supporting the miles of piping, process vessels, and the platforms and ladders used in daily unit operations are often taken for granted. The Civil Structures Management...

Online Article

Though new regulations have changed the way offshore companies operate, the need to make safety part of an enterprise sustainability management strategy has never been more important.

Blog

Anyone who knows me knows that Risk Based Inspection (RBI), and Risk Management, are a passion of mine, so my next few posts will feature these topics. These are not all-inclusive, but Inspectioneering.com has dozens of articles and you can...

Authors: Greg Alvarado
January/February 2000 Inspectioneering Journal

Part 1 provided a review of RBI for pressure vessels and piping and an introduction to application of RBI to rotating equipment and the differences between approaching the two different types of equipment. As promised, Part 2 will delve more deeply...

Authors: Gene R. Meyer
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