The PHMSA has recently criticised how Integrity Management Plan (IMP) risk assessments (RAs) for pipelines are being conducted. Do you also see problems?

There is a wide range of practice among pipeline operators right now. Some RA is admittedly in need of improvement, not yet meeting the intent of the IMP regulation. However, I believe that is not due to lack of good intention, but rather incomplete understanding of risk. Risk is a relatively new concept, and is […]

How to do modern pipeline risk assessment?

Pipeline Risk Management Chapter 1 highlights 1.1 Risk assessment at-a-glance 1.2 Risk: Theory and application 1.2.1 The Need for Formality 1.2.2 Complexity 1.2.3 Intelligent Simplification 1.2.4 Classical QRA versus Physics-based Models 1.2.5 Statistical Modeling 1.3 The Risk Assessment Process 1.3.1 Fix the Obvious 1.3.2 Using this Manual 1.3.3 Quickly getting answers 1.4 Pipeline Risk Assessment: […]

Risk Assessment is an investigative journey

Formal risk management has become an essential part of pipelining. As an engineered structure placed in a constantly changing natural environment, a pipeline can be a complex thing. Good risk assessment is an investigation into that complexity; providing an approachable, understandable, manageable incorporation of the physical processes potentially acting on a pipeline: external forces, corrosion, […]