Corporate Risk Strategy - Pipeline Risk

Where is the Corporate Risk Strategy? article

choices, value judgements, risk appetite, risk tolerance. regs are ok with this: op sets his own once min req are met

often set by level of conservatism selected. at least 3 locations in recommended RM practice:

RA is probabilistic, so choices in uncertainty level in the RA. Bias control.
types and levels of thresholds, if ALARP then public safety vs psudeo-ALARP for environ, prop, etc
cost/benefit GDF, should be willing to spend $7 or more for every $1 in loss avoidance, afterall, pipeline has introduced an involuntary risk to its nieghbors for no benefit to neighbors, so arguing ‘break even’ is not reasonable