Scribd
Upload
16 views8 pages

Do You Know The Steps in Quantitative Risk Assessment

The document outlines the 6 steps to perform a Quantitative Risk Assessment (QRA): 1) identify activities, units, and processes, 2) define Loss of Containment scenarios, 3) assess consequence of scenarios, 4) assess failure frequencies and probabilities, 5) calculate and present risk, 6) evaluate and analyze risk to identify safety measures.

Uploaded by

Mohamed Achour
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
16 views8 pages

Do You Know The Steps in Quantitative Risk Assessment

The document outlines the 6 steps to perform a Quantitative Risk Assessment (QRA): 1) identify activities, units, and processes, 2) define Loss of Containment scenarios, 3) assess consequence of scenarios, 4) assess failure frequencies and probabilities, 5) calculate and present risk, 6) evaluate and analyze risk to identify safety measures.

Uploaded by

Mohamed Achour
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 8

Gexpert insights

QRA process
Featuring:
Sonia Ruiz Pérez, EFFECTS &
RISKCURVES Product Manager

Swipe for more


STEP 1 ‒ Identify activities, units,
and processes

List all operational activities


Identify key units, equipment, and systems
Define processes involved in the operations

Including all installations of a facility in a QRA is often unnecessary,


as not all contribute significantly to the risk

Swipe for more


STEP 2 ‒ Define Loss of
Containment (LoC) scenarios

Identify potential LoC events


Categorise LoC scenarios by type and impact
Document the conditions leading to each LoC

Event trees are useful tools in identifying LOC scenarios as they illustrate
the potential chain of events following a hazardous substance release

Swipe for more


STEP 3 ‒ Assess consequence of
LoC scenarios

Evaluate the effects of each LoC scenario


Assess the potential damage caused
Consider impacts on health, environment, and assets

Consequence analysis in QRA evaluates the impact of potential incidents


and identifies areas of concern

Swipe for more


STEP 4 ‒ Assess failure frequencies
and probabilities

Determine the likelihood of each LoC event


Use historical data and industry standards
Assess failure frequencies for all scenarios

Assess the base failure frequencies and probabilities of occurrence for


all LoC scenarios

Swipe for more


STEP 5 ‒ Calculate and present risk
for further analysis

Integrate consequence and frequency data


Calculate risk levels for each scenario
Use visual aids to present risk

Calculate various risk metrics based on local requirements and use tools
to aid in their presentation to various stakeholders

Swipe for more


STEP 6 ‒ Evaluate and analyse risk
to identify safety measures

Compare calculated risk against acceptance criteria


Identify high-risk areas requiring mitigation
Recommend risk reduction measures

Compare evaluated risk with acceptance criteria and suggest preventive


and mitigative measures

Swipe for more


Interested in learning
more on how to perform
QRA?
Click on the link in
our LinkedIn post
to read the full blog.

You might also like