In the first installment of this column, we introduced the concept of pipeline risk assessment Essential Elements. This is a list of ingredients that arguably must be included in any pipeline risk assessment. Last time, we covered one of these essential elements—the need for measurements. This time, we address another essential element, closely related to […]
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Pipeline Risk Assessment—A Measurement Tool
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, […]
PL Risk Management—The Essential Elements of Risk Assessment
As the desire for more robust pipeline risk management grows, so too does the need for superior risk assessment. A formal risk assessment provides the structure to increase understanding, reduce subjectivity, and ensure that important considerations are not overlooked. Associated decision-making is therefore more consistent and reliable when formal techniques are used. But has pipeline […]