Quantitative Risk Assessment (QRA)

Learn how to perform Quantitative Risk Assessment (QRA) to support risk-informed decisions in major hazard industries. This course combines core QRA principles with practical techniques, real-world applications, and regulatory insights.

Course information

Quantitative Risk Assessment (QRA) training is available in the following formats

Delivery

Virtual Course

Level

Intermediate

Certificate

Attendance

Duration

1 day

CPD

7 hours

Learning objectives

  • Explain the purpose and scope of Quantitative Risk Assessment (QRA) in major hazard risk management
  • Identify and gather the key data inputs required for a QRA
  • Describe the main components and steps of a QRA, from hazard identification to risk evaluation
  • Understand frequency estimation methods, including fault tree analysis (FTA), event tree analysis (ETA), and use of historical data
  • Describe consequence modelling techniques for fires, explosions, toxic releases, and dispersion
  • Interpret individual and societal risk results using FN curves, risk contours, and risk matrices
  • Apply risk criteria and tolerability frameworks to evaluate QRA outcomes
  • Recognise the limitations, assumptions, conservatisms, and uncertainties inherent in QRA models

Key contents

  • Introduction to QRA principles, methodologies, and role in risk management
  • Overview of the QRA process and workflow
  • Data requirements, collection, and quality checks (failure rates, inventories, occupancy)
  • Physical effects modelling and consequence analysis (fire, explosion, toxic dispersion)
  • Frequency analysis methods (FTA, ETA, historical data, expert judgement)
  • Risk modelling, simulation techniques, and quantitative analysis approaches
  • Interpreting QRA outputs: FN curves, risk contours, PLL, and risk matrices
  • Risk criteria and tolerability frameworks (corporate and regulatory)
  • Case studies from oil, gas, chemical, and energy sectors
  • Common challenges, pitfalls, and best practices in conducting and reviewing QRA

Prerequisites

Basic knowledge of process engineering, safety management, or risk modelling is recommended. Prior experience with QRA methods or software is not required.

Register for Quantitative Risk Assessment (QRA) training

Register for Quantitative Risk Assessment (QRA) training

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