A modern risk assessment will include dozens if not hundreds of inputs. This is necessary to ensure that even the normally-rare phenomena are included. Many…
Ctr Excellence Risk Mgmt
A modern risk assessment will include dozens if not hundreds of inputs. This is necessary to ensure that even the normally-rare phenomena are included. Many…
Many listings and groupings of PoF exposures (threats) to pipeline systems are possible. Below is a fairly detailed example. It can be used to as…
The Puzzle Today, we have an unprecedented amount of data available to solve this pipeline risk puzzle. Let’s say we want to understand internal corrosion…
When risk estimates are expressed as single values–rather than as probability distributions–the level of conservatism used in producing those estimates must be declared. This is…
… ingredients in risk assessments Let’s first differentiate between risk assessments and risk analyses. While there are many definitions out there for ‘risk assessment’, let’s…
Background If needed, here are some links for background info or other places to start. Otherwise, let’s jump right in Beginning Risk Assessment/Management Excerpts taken…
training video showing full process in short example
“Attempts to assess risk without estimating frequencies and intensities is like designing a bridge without considering loads/forces. You’re not really assessing/designing, you’re only intuiting.” Old…
As with other failure modes, evaluating the potential for corrosion follows logical steps, replicating the thought process that a corrosion control specialist would employ. This…