ABSTRACT Redirecting the inspection plan to place emphasis on high risk equipment items is not the only objective when implementing Risk Base Inspection (RBI). Rather it would be much more fruitful if company staff were educated to be equipped with the capability of identifying potential risks and were willing to actually put into real practice in eliminating all these potential threats to an enterprise. Since its release, the API-580 technology has seen growing acceptance and becomes a popular methodology in maintaining the mechanical integrity of pressure equipment and piping. In addition to U.S.A, many other country including European nations and Japan have also assimilated the same risk concepts into regulations that require plant operators to aim for practical performance of equipment management, not at the extent of obligations required by the government. Such a risk-based concept is not just incorporated in regulations, when utilized in close conjunction with plant maintenance and inspection, becomes a powerful tool in helping determine optimal inspection intervals of pressure equipment. In order for the equipment management system to perform effectively, fundamental tasks such as failure mechanisms identification and effectiveness of inspection methods are keys to a successful RBI program. Some might question Risk Base Inspection (RBI) to be a conservative, less aggressive approach that rather than opting for more aggressive managerial methods, it recommends to focus on the whole life cycle of plant equipment. Keywords: API-581¡BRBI¡Bbusiness risk¡Bbusiness administration¡Bquantitative analysis¡Bconsequence analysis¡Brisk base inspection