This document summarizes an Intertek presentation on risk-based inspection for power plants. It discusses how risk-based inspection (RBI) can improve safety and reliability while reducing costs. RBI involves assessing the risk of equipment failure by determining the likelihood and consequences of failure. This informs targeted inspection plans and risk reduction strategies. The document outlines Intertek's RBI methodology and software platform, which goes beyond basic RBI requirements to develop customized inspection and monitoring plans, organize historical data, and provide a flexible program to optimize equipment life.