The pipeline performance tracking system (PPTS) is the main element of the pipeline industry's environment. The pipeline industries initiated a voluntary reporting initiative, the PPTS, in 1998. The aim of pipeline industries is to generate a tool to achieve improved safety performance and to reduce the operational errors while transmitting the fluid. This chapter describes the risk associated with pipelines and also the specific characteristics of the pipelines such as materials and physical properties from the decade of construction. This chapter provides the introduction of the research background, with a review of the economy of pipe networks and the significance of pipe networks and fluid transportation.