MANAGEMENT SYSTEM AUDIT

A pipeline management system (the Management System) provides a framework to manage risk throughout the pipeline lifecycle and documents the objectives, the associated performance requirements, and identify the proper sequence of processes and procedures to be managed, scheduled, tracked, documented, communicated and reported. Dynamic Risk applies a structured "Plan, Do, Check, Act" (PDCA) approach as an audit framework in application with selected appropriate industry standard best practice guidelines to assess if the Management System is compliant, adequate, implemented, effective and provides for continuous improvement.
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ENTERPRISE RISK MANAGEMENT DEVELOPMENT

An enterprise risk management (ERM) system development comprises a series of processes and linkages that must encompass the present risk management framework and fit within the overall corporate and asset management system and developed safety culture. Dynamic Risk leverages previous risk management studies and models, integrity assessment results and inspection datasets in application with appropriate elements of the consensus industry standards to address the three key elements of pipeline safety: process safety, safety culture and asset management.
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RISK BASED ASSESSMENT OF PIPELINE DESIGN

A rigorous pipeline design assessment process that goes beyond the minimum requirements of codes and regulations to identify potential future operating risks relating to a proposed new pipeline. Pre-emptive measures and strategies to address the principal drivers of these risks are evaluated for incorporation within the final design to reduce the likelihood and/or consequences of a pipeline operating failure. Risk can be managed to a threshold of diminishing returns (As Low As Reasonably Practicable), whereby the resources required to implement risk reduction measures are evaluated proportionate to the benefits of the resulting risk reduction that would be achieved.
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