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What is RiskWISE? Risk-based Inspection (RBI) Software

Mon, 15 April, 2024

RiskWISE® is a revolutionary software system designed to revolutionize risk-based inspection (RBI) and maintenance practices. Integrity management techniques like Risk-based Inspection (RBI) and risk-based management (RBM) are used to identify plants and equipment that are susceptible to failure. As the advantages of plant integrity management through better targeting and scheduling of inspection and maintenance efforts become apparent, the use of formal RBI and RBM systems is growing.

  • Empowering Plant Personnel:
    At the heart of RiskWISE® lies its user-friendly interface, tailored to empower plant personnel with the tools needed to navigate complex risk management scenarios effortlessly. Gone are the days of cumbersome processes and outdated methodologies; RiskWISE® streamlines RBI assessments according to the latest industry standards, notably API RP 581:2016, ensuring compliance and reliability.
  • Data-driven Decision Making:
    Central to RiskWISE®'s efficacy is its regularly updated database, housing a comprehensive repository of relevant damage mechanisms. This wealth of information, coupled with guidance on formulating probabilities and consequences of failure, equips users to make informed, data-driven decisions regarding inspection and maintenance priorities.
  • Precision Targeting:
    One of RiskWISE®'s standout features is its ability to pinpoint the most vulnerable areas within plants and equipment, optimizing inspection efforts where they matter most. Through sensitivity analysis capabilities, RiskWISE® adeptly navigates scenarios where data may be limited, providing invaluable insights into risk mitigation strategies.
  • Regulatory Compliance and Assurance:
    In an environment governed by stringent regulatory frameworks, RiskWISE® offers peace of mind. Its fully auditable output meets the criteria set forth by insurers and regulators, ensuring seamless compliance and regulatory assurance.
  • Pipeline Integrity Redefined:
    Beyond traditional plant operations, RiskWISE® extends its transformative impact to pipeline integrity management. Developed by TWI experts in alignment with globally recognized standards such as ASME, API 581, and API RP 580, RiskWISE® for pipelines sets a new standard in risk and life management.
  • Tailored Solutions for Pipelines:
    RiskWISE® for pipelines operates on the premise of targeted inspection and maintenance activities, revolutionizing conventional approaches to pipeline integrity management. Its intuitive interface, developed by API RP 580, facilitates accurate assessments of the likelihood and consequence of failure, enabling precise scheduling of inspection frequencies based on reliability rules.
  • Optimized Risk Mitigation:
    By translating inspection data into actionable insights, RiskWISE® facilitates the identification of high-risk locations, enabling proactive risk mitigation measures. Whether it's selecting optimal inspection strategies or implementing targeted maintenance interventions, RiskWISE® empowers stakeholders to safeguard pipeline integrity with unparalleled precision.

In an era defined by technological innovation and heightened emphasis on safety and efficiency, RiskWISE® stands as a beacon of progress in the realm of risk-based inspection and maintenance. With its user-friendly interface, data-driven approach, and unwavering commitment to regulatory compliance, RiskWISE® paves the way for safer, more confident operations across industries.

For more information about Risk-based Inspection services offered by TWI Caspian Sea, contact: enquiry@twi-cs.com