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A synopsis is given of research projects on probabilistic systems analysis conducted by the Risk Assessment Program of the Electric Power Research Institute. A brief outline of the value of systems analysis both within PRA and as a stand-alone discipline is used to show how the objectives of the research program are related to industry needs. Research projects and their deliverables are discussed in relation to three objectives: (1) to improve the credibility of the methods and results, (2) to provide computer tools and technology transfer, and (3) to develop use of the methods to improve safety and availability in operation. Recent achievements and future plans are briefly described and an up to date list of relevant EPRI publications is provided.