It sounds like you have methods that very accurately predict failure potential. Is this true?

Unfortunately, no. While the new modelling approaches are powerful and the best we’ve ever had, there is still huge uncertainty. We are unable to accurately predict failures on specific pipe segments except in extreme cases. With good underlying data, we can do a decent job of predicting the behaviour of numerous pipe segments over longer periods of time – the behaviour of a population of pipeline segments. That is of significant benefit when determining risk management strategies.