New Century and Integrity Plus Blog

Establishing Risk Tolerance Criteria

Posted by Rupesh Muthyala on May 31, 2017 12:17:07 PM

Integrity Management program requires pipeline operators to consider various elements, and out of those elements, risk assessment plays a crucial role. To achieve actionable risk results, it is vital to know how to validate the results, and we have also found, setting risk tolerance limits better facilitates achieving actionable risk results. So the question is: how do you go about establishing risk tolerance criteria?


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Topics: Integrity Management, Risk Assessment, Risk Analysis, Risk Tolerance

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