Project Description
QUANTITATIVE RISK ASSESSMENT (QRA)
A formal method for understanding the risk of potential hazards to an asset
UNDERSTANDING QRA
Understanding risk is vital for sound and cost-effective decision-making and for establishing a technical risk picture for the entire asset lifecycle.
Risk assessment is the overall process of identifying and analysing risk, and evaluating how it might be modified maintain appropriate levels of safety and to satisfy regulatory and corporate criteria.
Objective for QRA Study
A Quantitative Risk Assessment (QRA) is a formal and systematic risk analysis approach to quantifying the risks associated with the operation of an engineering process. A QRA is an essential tool to support the understanding of exposure of risk to employees, the environment, company assets and its reputation. A QRA also helps to make cost effective decisions and manages the risks for the entire asset lifecycle.
To identify the hazards associated with a facility
To determine the potential frequencies and consequences of the identified hazards
To determine the system availability of the protection systems
To quantify the risks associated with a facility (e.g. Risk Contours, Individual Risk Per Annum (IRPA), Potential Loss of Life (PLL) and F-N Plots)
QRA Study Services
Hazard Identification is a critical step in Risk Analysis. Many aids are available, including What-if Analysis, Hazard and Operability (HAZOP) Studies, Failure Mode and Effects Analysis (FMEA), and Preliminary Hazard Analysis (PHA) etc.,
OUR STUDY INCLUDES
OTHER SERVICES
Safety Audits & Consultancy
To carry out a systematic, critical appraisal of all potential hazards involving personnel, plant, services and operation method
Process Safety Management (PSM)
Effective safety management system that helps to prevent fires, explosions and toxic releases that could expose employees and others to serious hazards in process industries
HSSE Training & Support
Provide specialized Process safety training programs,tailor made to the client requirement; Such as PSM, PHA, PHSER, SIl, etc
Manpower Solution
From oil & gas to manufacturing to construction, we provide outcome-based, talent-driven outsourcing of operations, functions and services to enhance flexibility and drive productivity.
Hazop & Hazid
Review a process or operation in a systematic manner to determine whether deviations from the design or operational intent can lead to undesirable consequences
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