Both the Licensing Modernization Project (LMP) and Reliability Integrity Management (RIM) call for establishing explicit targets for SSC reliability and capability with a view to satisfying high-level safety objectives, and then conducting numerous activities aimed at achieving and maintaining performance at (or better than) those target levels. This approach explicitly rationalizes inspection, testing, and monitoring of SSCs in terms of the high-level risk perspective within which the safety objectives are established. The proposed Panel will discuss what it takes to apply these approaches, including participation from advanced-reactor vendors who are either considering, or already engaged in, LMP, RIM, or both.