Life cycle risk assessment is an interesting topic in and beyond the integrity management field. This article features a discussion of this special type of risk assessment applied to a certain pipeline installation method, in this case, HDD installation.
In previous articles, we’ve discussed some non-regulatory integrity management program applications of pipeline risk assessment (including due diligence, portfolio management, strategic risk planning, and more). In this article, let’s examine a risk assessment application slightly expanded from a conventional operational risk assessment.