Avoiding Missteps: Risk vs Rate of Risk

Forming a strategy to mitigate pipeline risks can be complicated by how the length of an asset impacts the numbers. Data and statistics must be carefully considered and interpreted in light of the ‘length’ factor. This article discusses a subtle but critical aspect of understanding risk on a long, linear asset like a pipeline.

Risk versus rate of risk. Which should drive risk management? What are the implications for acceptable risk thresholds? Let’s examine both.