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: […]

The Basic and Critical Elements of PoF Estimation

Probability of Failure Based on Basic Engineering Principles All plausible failure mechanisms must be included in the assessment of PoF.  Every failure mechanism must be properly measured by independently measuring the following three elements: Exposure (attack) – The unmitigated aggressiveness of the force or process that may precipitate failure.  This includes external forces, corrosion, cracking, […]