ABSTRACT
ABSTRACT: The infrastructure that supports the production, processing and distribution of energy is vital for a stable and healthy world. The objective of this paper is to illustrate the application of a risk-based framework to support the important decisions required in developing and maintaining the energy infrastructure. A series of case history examples is presented to demonstrate how this framework can be applied in practice. The value of the framework is to provide a context and a perspective, both qualitative and quantitative, for balancing costs and benefits in managing risks.
