“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…
Ctr Excellence Risk Mgmt
“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…
“I don’t have enough data to quantify risk” I hear this often and have concluded that it is actually a short hand phrase reflecting two…
Troubles with Weightings There is currently great disparity in approaches and level of rigor applied to risk assessment by pipeline operators. This is largely due…
Words matter By W Kent Muhlbauer, WKM Consultancy, Houston, TX, USA Risk concepts sometimes harbour challenges in understanding and communications. This means that we must…