8 entries found for "Risk Management"

Proposal for Individual Damage Mechanism Risk Calculation in API 581

by Michael Hurley, 10/22/2025

Tags: API 581 Mechanical Integrity Process Safety Management Risk Analysis Risk Based Inspection Risk Management Technology

In 2021, I published a proposed change to the API 581 PoF calculation. While I believe API 581 is solid as a recommended practice, I believe that inspection planning can be further optimized and fine-tuned to adapt to organizational needs. Since then, the original article has prompted a variety of comments and questions and so I have rewritten the original article for, hopefully, a little more clarity, and I have consolidated the top questions along with my comments.

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The Top Three RBI Risks That Cannot Wait for a Budget Rebound

by Michael Hurley, 10/1/2025

Tags: CUI Inspection Mechanical Integrity Process Safety Management Regulation Risk Risk Analysis Risk Based Inspection Risk Management Value

When organizations face budget cuts, they may postpone projects, but certain risks are too critical to delay. This post highlights three such Risk-Based Inspection (RBI) risks that demand immediate attention: high-risk equipment, Corrosion Under Insulation (CUI), and overdue critical inspections. Acting now can safeguard people, assets, and the bottom line from costly failures.

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A Practical Way to Incorporate the New PHMSA Underground Gas Storage Requirements Into your MI Program

by Michael Hurley, 3/11/2021

Tags: Damage Mechanisms Inspection Mechanical Integrity Process Safety Management Regulation Risk Analysis Risk Based Inspection Risk Management

PHMSA has out a new rule for underground natural gas storage facilities (UNGSFs). This is practical approach to incorporating gas wells into your mechanical integrity program with the rest of your surface and subsurface assets.

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Plant Management 101: Common Work Processes

by Michael Hurley, 3/3/2021

Tags: Asset Performance Management Data Collection Data Validation Mechanical Integrity Process Safety Management Reliability Risk Management Training Work Process

This article deals with the dysfunctionality found in many refineries, chemical plants, and other production facilities. This can lead a facility to not reaching its value and reliability goals. One of the main reasons for this dysfunctionality is facility departments not using a common asset management work process.

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Proposed API 581 Inspection Plan Optimization Example

by Michael Hurley, 2/4/2021

Tags: API 581 Mechanical Integrity Process Safety Management Risk Analysis Risk Based Inspection Risk Management Technology

This article deals with a proposal for a risk analysis option that allows for individual damage mechanism risk calculation. This is an example of how it can be applied and how it domonstrates value.

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Proposed API 581 Inspection Plan Optimization

by Michael Hurley, 1/27/2021

Tags: API 581 Mechanical Integrity Process Safety Management Risk Analysis Risk Based Inspection Risk Management Technology

This article deals with a proposal for a risk analysis option that allows for individual damage mechanism risk calculation. This allows for these individual damage mechanism risks to be compared to a risk target that when reached generates an inspection task with its own due date.

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RBI Value: Both Transitioning And From The Start

by Michael Hurley, 1/21/2021

Tags: Mechanical Integrity Process Safety Management Risk Based Inspection Risk Management

This article deals with the value of going directly to an Risk Based Inspection (RBI) program from nothing or transitioning from a time/condition based program and demonstrates that an RBI program is the efficient use of resources.

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