Quantitative Risk Assessment (QRA)

Quantitative risk assessment (QRA) is a valuable tool for assessing and managing risks. The technique provides a structured and quantifiable approach to risk analysis, enabling organizations to make accurately informed decisions and prudently manage process risks. QRA can be used to inform every aspect of process risk management, including: site selection and layout, process and safety system design, emergency planning, spacing requirements for installations, process deviation control, fire protection design, gas detection layout, and emergency isolation measures, among others.

While quantitative risk assessments are highly valuable, understanding and interpreting their results can be challenging for many professionals. This course breaks down key concepts, offers clear guidance on interpreting risk outcomes, provides benchmarking insights on global risk acceptance, and equips participants with the skills needed to effectively communicate risk results to both management and the public.

AcuTech’s quantitative risk team are experts in the field. They use the latest industry risk models (DNV Phast and Safeti, Gexcon EFFECTS and RISKCURVES, FLACS), proprietary QRA modeling tools, the latest historical accident data, and practical methods to ensure QRA studies accurately assess complex operations to produce clear and actionable results. This makes them the ideal instructors to guide you in applying these insights to real-world scenarios with confidence and precision. The instructors understand that both technical accuracy and effective communication are key to unlocking the full potential of QRA.