There currently exist documented project implementation risk analysis and management processes that can be applied to pipeline projects [1]. The more macro type methodology of Reference [1] can be combined with the more detailed analysis presented in this paper to achieve better management of project cost and schedule, and presents an opportunity for the pipeline industry to reduce overall project cost and schedule overruns. Given the significant number of very large, prospective pipeline projects in the world today, many with challenging economic viabilities, effective risk analysis and management may very well make the marginal difference if a particular project proceeds or not.

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