Risk Based Inspection is rapidly gaining acceptance as a data-driven, cost-effective means of targeting key resources to the most economically attractive locations. However, its current application is focused primarily on vessel and piping inspection intervals. With only minor modifications, the Risk Based Inspection methodologies can be converted to a Reliability Based Inspection (RBI) data management process that can effectively be used to gather not only safety-related component failure frequency data, but information to perform a comprehensive integrated risk assessment analysis, including business interruption (BI) and physical consequence effects. By doing so, the accuracy and effectiveness of both qualitative and quantitative risk analysis techniques are greatly improved, and at little or no additional cost. PHA revalidations and modifications can also be more quickly and accurately executed using a data driven approach. This paper describes one such system being developed at the Tennessee Eastman Division (TED) of Eastman Chemical Company.