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…
Ctr Excellence Risk Mgmt
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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…
Pipeline Risk Assessment—Controlling the Bias In other parts of this site, we introduced the concept of pipeline risk assessment Essential Elements. This is a list…
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…
This section provides ideas for frequently needed procedures, purchase orders, and RFP’s (request for proposal) related to risk management. The objective is to point out…
… 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…
“I don’t have enough data to quantify risk” In the first part of this discussion, we hopefully dispelled some myths about low data availability. We…