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 […]
Topic: Modeling
What’s wrong with my current scoring, indexing approach?
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 […]
What if I don’t have enough data?
There are myths associated with performing a risk assessment and some use these as an excuse for not having a credible assessment. Let’s examine some of these myths beginning with how to use the data you have to ensure a meaningful risk assessment is made. Read the article | Read Part 2
Weightings are not needed and should not be used in a risk assessment
Read the article (pdf file)
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, […]