Risk Assessment Oil and Gas


Development of a Conceptual Model



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ADNOC Toolbox Talk Awareness Material 2020, ADNOC Toolbox Talk Awareness Material 2020, TRA-Installation of Field Instruments, Road Maintenance Plan & Status-Map Format
4.5.2. Development of a Conceptual Model
A simple model of the relationship between the stressors and impacts for the Ob River is illustrated in Figure 6. Several benefits are derived from developing a conceptual model.
Conceptual models highlight what we know and don’t know and can be used to plan future work,
and the process of creating a conceptual model can be a powerful learning tool. In addition, the models can be powerful communication tools because they provide an explicit expression of the assumptions and understanding of a system that others can evaluate. Since risk assessment is an iterative process, conceptual models can be modified and improved as knowledge increases.
Conceptual models provide a framework for prediction and are the template for generating more hypotheses about risk.

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