Since 2011, there have been attempts to update the ASME B31.8s document with regards to threats and risk assessment. The lack of updates to this important guidance document has resulted in continuing confusion for industry practitioners and wastes of resources on non-issues such as ‘threat interaction’ (which is almost entirely caused by the B31.8S language. […]
Unfortunately, the US guidance documents for pipeline risk assessment are still not up to date. This continues to be a source of confusion for some and frustration for others. Please click this link to read the pdf file of this article.
Last time, we introduced the concept of essential elements for pipeline risk assessment. These are the “let’s all get on the same page” aspects that every risk assessment should have in common. An important Essential Element calls for the use of measurements instead of any other kind of rating scheme (eg, indexes, points, scores, descriptors, […]
Some of the more significant compromises arising from the use of the simple scoring type assessments included: Without an anchor to absolute risk estimates, the assessment results were useful only in a rather small analysis space. The results offered little information regarding risk-related costs or appropriate responses to certain risk levels. Results expressed in relative […]