What type of risk analysis process would PHMSA Pipeline Safety prefer, quantitative or qualitative?
Risk analysis plays a critical role in several integrity management program elements. These include ranking segments that can affect HCAs for assessment, determining appropriate re-assessment intervals, and evaluating the need for preventive and mitigative actions. Operators are responsible for applying a risk evaluation methodology that suits their circumstances and can fulfill these needs. They can be either quantitative or qualitative. PHMSA Pipeline Safety will consider how the operator assesses risk, including its thoroughness and completeness in applying whatever approach is used.
