Pipelines Risk Assessment
The requirement for Risk Assessment is established by - CSA Z662 Annex N (N.5.2 or N.10)
- Hazard identification (What can go wrong?)
Risk Analysis
- Probability (How likely is it?)
- Consequences (What are the consequences if it does go wrong?)
- Safety
- Environment
- Cost
Risk Evaluation
- Is the risk significant?
Risk Response
- What can be done to eliminate the hazard or reduce the probability or consequence?