1. A method for calculating pipeline integrity business risk score for a pipeline segment and a pipeline network comprising one or more pipeline segments, the method comprising the steps of: detecting a change in value of one or more data sources, wherein the data sources comprise data related to the pipeline segment recorded through one or more sources; reading parameter values from databases, wherein the parameter values are stored in the databases by manual inputs and by automated inputs; calculating a structural risk score, an operational risk score and a commercial risk score for each pipeline segment; calculating pipeline integrity business risk score for each pipeline segment, wherein the pipeline integrity business risk score is a combination of the structural risk score, the operational risk score and the commercial risk score; calculating rolled-up structural risk score, operational risk score, commercial risk score and pipeline integrity business risk score for the pipeline network; and updating and rendering one or more values on a user interface, wherein the user interface is configured to display one or more graphical representations related to the pipeline integrity business risk.