The practice of employing risk assessment as a tool for developing assessment plans has been universally accepted by gas and liquid pipeline operators. Risk management is a process that is inherent in the effective implementation of a pipeline integrity management program (IMP). In an IMP risk is used to accomplish the following activities: • Identifying potential threats and consequences to a pipeline; • Prioritizing integrity assessments; • Assessing the benefits derived from mitigating actions; • Determining the effectiveness of mitigation measures for identified threats; • Assigning preventative and mitigative measures to be implemented; • Assessing integrity re-assessment intervals; and • Determining effective use of resources. This paper endeavors to discuss the benefits of conducting ongoing risk assessments in support of overall pipeline integrity management.

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