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Configuring Consequence of Failure Values

Add and manage risk factors such as financial, environmental, health & safety, and regulatory. Assign consequence values for each risk profile to support quantitative risk scoring.

John Ennis avatar
Written by John Ennis
Updated over a month ago

Different asset types may have different severity impacts. The CoF configuration allows you to set impact severity by asset type across four default dimensions:

  • Financial

  • Environmental

  • Health & Safety

  • Regulatory

Steps

  1. Go to Admin → Risk → Consequence of Failure

  2. Review or add Risk Factors

  3. Select one or more Risk Profiles (e.g., Flowline, XT, Riser)

  4. Assign a CoF level (1–5) for each Risk Factor

Outcome

This defines the maximum consequence used in the Risk Matrix calculation.

Next steps: Managing Control Activities

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