This European Standard specifies the Risk-Based Inspection Framework (RBIF) and gives guidelines for Risk-Based Inspection and Maintenance (RBIM) in hydrocarbon and chemical process industries, power generation and other industries where RBI is applicable. Although RBIF encompasses both inspection and maintenance, this document focuses primarily on Risk-Based Inspection (RBI) and its applicability within the context of RBIM. The RBIF thereby supports optimization of operations and maintenance as well as asset integrity management.