QRA (QUANTITATIVE RISK ASSESSMENT)

Risk

Quantitative Risk Assessment

Quantitative Risk Assessment (QRA) is a method for calculating individual, environmental, employee, and public risk levels.
 
Satisfactory demonstration of acceptable risk levels is very much required in chemical industries. Furthermore, it is also required during plant modification and changes in operational manning levels.

Our Methodology

We carry out Risk Assessment for existing as well as proposed units using the most prevalent and relevant methodologies that involve the steps of identifying hazards associated with the operations and selecting worst-case scenario for consequences estimation. Adopting reputed software models for consequences estimation. We suggest the measures to minimize or mitigate risks to meet appropriate acceptability criteria and/or demonstrating that the risks are as low as reasonably practicable (ALARP).
The method may include some or all of the following :
  1. Identification of Hazards
  2. Selection of scenarios to be modeled
  3. Estimation of Frequency of Failure(By Fault Tree Analysis OR Event Tree Analysis)
  4. Consequence Analysis: An analysis of the severity/consequence of accident scenarios
  5. Predicted number of fatalities/casualties for each scenario
  6. Estimation of Individual risk
  7. Group / Societal risk
  8. The potential loss of life
  9. Location-specific risk
  10. Preventive/mitigation measures
  11. We have experience of modeling most major accident consequences including fires, explosions, toxic gas releases, and hazardous spills. A wide range of software modeling tools is used to assess the effects of such hazards on people (on- and off-site), the asset, and the environment.

Our Experience

We have performed several QRA studies for various sectors i.e. Chemical, Pharmaceuticals, Oil & Gas, etc.
 

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