Cracks and flaws occur in mechanical components and structures, and can lead to catastrophic failures. Therefore, integrity assessment of components with defects is carried out. This paper describes the Elastic Modulus Adjustment Procedures (EMAP) employed herein to determine the limit load of components with cracks or crack-like flaw. On the basis of linear elastic Finite Element Analysis (FEA), by specifying spatial variations in the elastic modulus, numerous sets of statically admissible and kinematically admissible distributions can be generated, to obtain lower and upper bounds limit loads. Due to the expected local plastic collapse, the reference volume concept is applied to identify the kinematically active and dead zones in the component. The Reference Volume Method is shown to yield a more accurate prediction of local limit loads. The limit load values are then compared with results obtained from inelastic FEA. The procedures are applied to a practical component with crack in order to verify their effectiveness in analyzing crack geometries. The analysis is then directed to geometries containing multiple cracks and three-dimensional defect in pressurized components.