“…The use of risk and reliability based approaches in the qualification programs provides a better understanding the techniques' risk and reliability implications to a project during the decision making process (PSA, 2008;Hother and Hebert, 2005;Fennell et al, 1994;Aarnes et al, 2009). Even though new technology typically goes through a formal qualification process, these technology qualification processes are limited in relation to providing a qualitative prediction of the real system being assessed (Masemore and Kirchgessner, 1999). However, there is an uncertainty related to the performance of a new technology in a complex system, such as offshore oil and gas facilities even though the technology is being verified for certain conditions (Hother and Hebert, 2005).…”