Comparative Criteria Especially where quantitative acceptable risk criteria are not available, comparative risks are used to help judge acceptability. See examples and related discussions of…
Ctr Excellence Risk Mgmt
Comparative Criteria Especially where quantitative acceptable risk criteria are not available, comparative risks are used to help judge acceptability. See examples and related discussions of…
Pipeline Risk Assessment—Risk Profiling Traditional QRA relies heavily on historical incident rates. When applied to pipelines, this means that a pipeline—a population of pipe…
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…
Due Diligence—Risk Costs of Asset Ownership In this column, we occasionally highlight applications of risk assessment that are perhaps less apparent to some. Since risk…
Where is the Risk Control Strategy? In an earlier article, we noted that risk management is, in effect, often unintentionally delegated to decision-makers occupying the…
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…