[ Hazards and Risks ]

In my very first working role, as a “co-op” student (internship) at the Canadian National Energy Board, I was assigned the task of developing a risk management tool for pipeline ruptures. This was in 1992. My deliverable was a rudimentary spreadsheet that calculated risk based on factors such as pipeline characteristics and wind direction. I still have the report.

What screams out at me is that it doesn’t consider *why* the asset failed, nor how to prevent that failure. The deep and specific effort to calculate risk into number should at least be associated with the causes and preventions, too.