Asset Integrity Management (AIM) is by no means a new concept or management initiative. It is a well-defined process that, if applied in the correct way, can offer asset owners and operators the ability to manage risk and assure the integrity of assets throughout their lifecycle
Companies in major hazard industries have long been accustomed to carrying out hazard identification and risk assessment. They are also expected to have in place a structured safety management system.
Risk assessment lies at the heart of risk management and one of the most powerful and increasingly popular risk assessment techniques is the bow-tie method. Its strength is that it goes beyond the usual risk assessment 'snapshot' and highlights the links between risk controls and the underlying management system.
The International Association of Oil and Gas Producers (OGP) recently published a guide to help organizations reduce major incident risks by focusing on asset integrity management.
The emerging terrorism threat worldwide, and in particular, the threat from the well-informed insider wanting to do harm and willing to die for the cause, is challenging conventional security practice at high hazard sites and public places.
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