Armed with a modern risk assessment, risk management becomes much more transparent and even exciting. Seeing cost/benefits of proposed risk reduction actions provides clarity and, often, some ‘ah-ha!’ moments. Please click this link to read the pdf file of this article.
Ever consider that true risk management sometimes occurs only at the lower levels of some pipeline organizations? That is, personnel performing field activities are in effect setting risk levels for the company. Their choices of day-to-day activities are essentially driving risk management and thereby establishing corporate risk levels. This is not just theoretical—real choices are […]
In this column, we occasionally highlight applications of risk assessment that are perhaps less apparent to some. Since risk permeates almost all industrial endeavors, it is not surprising that risk understanding is or should be an essential part of many types of decision-making. We have already covered risk assessment in incident investigation and as a […]