Quantitative Risk Assessment (QRA)
Quantitative Risk Assessment, sometimes called Probabilistic Safety Assessment (PSA), systematically estimates the probability and potential impact of hazardous events. In environments where severe safety, environmental, or economic stakes are at play, QRA offers a data-driven basis for deciding how to effectively manage and balance those risks.
Services
- Gather essential data and build rule sets tailored to the context
- Use consequence modelling to predict the effects of hazardous releases
- Determine event frequencies through fault and event tree techniques
- Evaluate overall safety and economic risk to inform strategic decisions
- Perform cost-benefit analyses to find optimal risk reduction measures
- Conduct sensitivity studies and uncertainty analyses for robust decision-making
- Address facility siting concerns and evaluate risks to occupied buildings
- Develop or customise risk software for unique operational needs
- Offer targeted training for personnel working with quantitative risk methods
