Risk Assessment Services

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Risk Assessment Services

Many pipeline integrity engineers are forced to wear multiple hats. Part engineer, part IT support, part GIS analyst, and part business analyst. Asset integrity managers and engineers risk becoming a jack of all trades and master of none.

But quantifying risk and proactively addressing threats to your pipeline system is not just a sound business decision, it’s a moral obligation and deserves expert attention and resources. At American Innovations, our team of professional and experienced pipeline integrity engineers will support your integrity management program with a combination of expertise and proprietary software tools. These bring the appropriate risk assessment approach that meets your business needs, compliance requirements and budget. 

Let us help you get back to your core mission – ensuring the the safe and efficient operation of your assets. 

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Overview
Overview

Whether you are assessing risk to a pipeline segment, a compressor, a pump or the entire circuit in a facility, we can help you through tried and true risk models like:

  • L1 Simple Threat Screening – a series of Yes/No questions that will indicate the presence of a potential threat.
  • L2 Relative Indexing – a semi-quantitative risk model that considers threats and consequences to your system, yielding a relative risk score that can be compared to other assets evaluated with the same criteria.
  • L3 Probabilistic Risk – a statistical based approach that determines the probability of failure of an asset. Most integrity management programs have developed over the past decade comprehensive systems of record about the performance and design of their assets, that enough raw data is now available for this more rigorous analysis approach.
  • Prevention and Mitigation – once risk to your asset is known, American Innovations can help you understand what factors are driving that risk and recommend the appropriate measures to proactively mitigate the threats.

Evaluating raw data and turning it into actionable information requires comprehensive, current, complete and correct data - what we call the 4C’s of data management. Knowing what data to collect, understanding how to use the data and ensuring the fidelity of that data is a critical, time consuming activity. If not done correctly, could lead to serious and expensive consequences. Our professional integrity management consultants can extract, transform and load your data from paper as-built sheets to large digital datasets in industry databases such as PODS or APDM. We have the know-how to quickly understand every important aspect of your assets and get you results, on time and on budget.

With more than 20 years of experience supporting some the largest pipeline operators in the world, we have developed a proven engagement methodology that will help you understand your current risk profile, where to focus your preventative and mitigation measures that ensure your program is compliant with corporate, state and federal regulatory requirements.