European Master and Certification Program
in Risk Engineering and Management

VA-R29 P&C
Probability and Consequence of Failure of Equipment

February 12, 2014
NIS Refinery Pancevo, Pancevo

Lecturer: Petar Stanojević

The focus of the course is given to the RBI approach to the inspection planning in petrochemical industry as defined by the standard of American Petroleum Institute API RECOMMENDED PRACTICE 581:2008 Risk-Based Inspection Technology (API 581).
The course provides quantitative procedures to establish an inspection program for pressurized fixed equipment by using risk-based methods. The procedure includes calculation of probability and consequence of failure, risk analysis and inspection planning based on the assessed risk. The pressurized fixed equipments covered by this course are pressure vessels, piping, tankage, pressure relief devices and heat exchanger tube bundles.

For each type of equipment foreseen the steps of the procedure will be followed up:

  1. calculation of probability and consequence of failure
  2. risk analysis and
  3. inspection planning based on the assessed risk. 

At the end of the course, students are expected to:

  • know to details of risk analysis as defined by API 581 for foreseen types of static equipment
  • use risk analysis to produce an inspection plan for a petrochemical plant.

The course is dedicated to:

  • professionals (engineers, managers, inspectors, legislators, …) who wish to deepen their knowledge in the field of risk based inspection
  • other professionals dealing with risk and safety in industry
  • individuals with previous experience in the field of risk based inspection, but willing to extend their skills and take up new roles in this field within their companies
  • university students of Steinbeis European Master Program in Risk Engineering and Management, and similar programs

Get more info and register for the course now:


Registration deadline: February 12, 2014

For more info about the European Master and Certification Program in Risk Engineering and Management
see http://www.sti.risk-technologies.com
For more info send an email to sti889@risk-technologies.com or call +49 711 1839 781 or +49 711 1839 647
In the case of cancellation of the course by the organizers, the participants are entitled to the full reimbursement of the prepaid fees.
In the case of participant's cancellation less than 1 week prior to the course, the fees will be retained in full.
(Announcement generated on March 29, 2024)