Technology: Risk prevention: Identifying key parameters for risk based inspections (RBI)

Risk associated with oil and petroleum industry could be very hazardous. Such failures should be prevented through early alarm from inspection of key parameters. A discussion on the Failure Mode and Effect Analysis (FMEA) and Quantity Function Deployment (QFD), which are commonly used in manufacturing and can be employed to help identify key parameters for RBI, covers a definition of a parameter to be a key parameter for inspection; FMEA, an analytical technique used by engineers to ensure that potential problems are considered and addresses; QFD, a methodology that systematically translates customers' expectations obtained from marketing studies into functional requirements for a product or service; and a practical approach to FMEA.