Topic outline

  • Delivery

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  • Outline

    OBJECTIVES

    • Provide a definition of what risk is.
    • Describe the differences in the qualitative and quantitative risk assessment methodologies.
    • Suggest different ways that risk can be measured.
    • Explain how a risk matrix can be used to classify risk. 
    • Explain how the outputs of risk modelling can be used to inform decision making.

    • Identify the key components of a risk management framework.

    LEVEL
    Foundation

    PREREQUISITE

    N/A

    DURATION

    1 Day

    PRESENTER
    Mark Wright

    WHO SHOULD ATTEND
    Personnel new to the industry/topic, or those who want to refresh their knowledge in this specific area. Attendees are expected to be aware of basic engineering principals, pipeline operation and pipeline integrity management.

    • Learning

      DAY ONE

      Introduction to risk principles
      • Introduction
      • Perception of risk
      • Defining risk
      • Measuring risk
      • Assets and risk
      • Risk consequences
      • Acceptable levels of risk


      Risk management frameworks
      • Risk management framework
      • Framework requirements
      • Policy and onitiation
      • Operation

      Pipeline risk
      • Key terms
      • Available assessment methods
      • Qualitative vs quantitative
      • Qualitative assessment
      • Semi-quantitative assessment
      • Quantifi ed risk assessment
      • Case studies
      • Exercise