We are advocating a degree of standardisation that serves all stakeholders. This list of essential elements sets forth the minimum ingredients for acceptable pipeline risk assessment. Every RA should have these elements. A specific methodology and detailed processes are intentionally not essential elements, so there is room for creativity and customised solutions. DNV’s recognition of the need for such a guideline, with its long history of technical risk consulting and solid reputation, demonstrates the seriousness of this effort. If regulators encounter too many sub-standard pipeline RA practices, then prescriptive mandates might be deemed necessary. Such mandates are usually less efficient than approaches that permit flexibility while prescribing only certain elements. Hence, the benefit of the EE guidelines.