SCORING A FINAL RISK FOR IDENTIFIED BOREHOLE DESIGN CONCEPTS

The disclosure presents processes for evaluating a borehole design against one or more identified risks. The processes can determine borehole design concepts for the borehole design. Each borehole design concept can have multiple risks assigned, which can be selected from a library of risks, a risk matrix or template, a risk model, or user entered risks. The risks can be scored using one or more statistics-based algorithms, such as a sum, an average, a mean, or other algorithms. The risks can be grouped by a risk level, forming a sub-risk score for each risk level for each borehole design concept. A final risk score can be generated using the sub-risk scores for the borehole design. More than one borehole design can be evaluated using a risk tolerance parameter and the borehole design that satisfies the risk tolerance parameter can be selected as the recommended borehole design.