Quantitative Risk Assessment, QRA

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Complimentary Webinar: Quantitative Risk Assessment

WEBINAR DETAILS

Date: 17th September 2019, Tuesday
Time: 3pm SGT

Ensuring the overall safety performance of your facility is the key to reduce the risk to human life, assets, environment and keep business interruptions to as low as reasonably practicable. Quantitative Risk Analysis (QRA) is widely used in industries involved with complex technical systems with potential for major accidents such as nuclear power plants, offshore installations and high hazard process facilities. This contributes to a safe design and optimised use of resources for controlling risk.

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About QUANTITATIVE RISK ANALYSIS

The Quantitative Risk Assessment (QRA) is an appropriate tool for global industry-entailed hazards assessment. A QRA aims to define the numerical risk – a term that combines the frequency that a specified undesired event will occur and the severity of the consequences of the event – in order to compare it with the acceptance criteria of the country where the plant is located. 

The numerical risk intends to quantify the frequency of a given hazard (death, injury, pollution, …) around the considered plant. In order to do so, all the causes leading to a central event (fire, explosion, leak of toxic and/or flammable product) must be identified. 

Then, different accident scenarios are issued from these central events, from the implemented safety measures and from meteorological data. The consequences of each scenario are then assessed as a function of the distance from the release point. The numerical risk for each location around the plan is computed from the frequencies and consequences of all scenario. 

Importance of QUANTITATIVE RISK ANALYSIS

QRA studies are typically required for production and processing facilities, high-pressure pipelines, and storage and importation sites.

By performing a QRA, hazards can be identified, and risks at facilities & sites can be quantified. This will prevent major accidents and limit the consequences to the people and the vicinity. 

QRA may also be a requirement of applicable legislation or internal corporate decision to show that risks are identified and controlled to an acceptable level. The criteria for risk acceptability may be defined by local regulations or the company. 

In many countries, QRA has been deemed mandatory by regulators and authorities to perform QRA as part of legal requirement. For example, QRA is set as a requirement by the following authorities in Singapore:

  • Ministry of Manpower (MOM)
  • National Environmental Agency (NEA)
  • Singapore Civil Defence Force (SCDF)

Knowledge Sharing through Complimentary Webinar

To help you identify risks and appropriate mitigation measures at your facilities, TÜV SÜD’s experts will cover all the key aspects of QRA over a complimentary webinar. Webinar details as follows:

Scheduled on
Day: Tuesday
Date: 17th September 2019  
Time: 3 pm SGT
Duration: 1 Hour
Speaker: TÜV SÜD’s QRA Experts

Points to be Covered in the Webinar

  • Introduction to the QRA
  • Hazard Identification
  • Consequence modelling
  • Frequency Analysis
  • ALARP Demonstration / CBA Method
  • Q&A session

Click here, for more information about TÜV SÜD’s QRA offerings.

WHO SHOULD ATTEND THIS WEBINAR

  • Engineering departments (Process Engineer, Supervisor, Shift Leaders, Operators)
  • Production Managers, R&D specialists
  • HSE Managers / Officers
  • Site Managers / Plant Managers
  • Project Managers / Engineers
 

BUSINESS BENEFITS OF QUANTITATIVE RISK ANALYSIS

  • Ensure safety – through understanding the risk of potential hazards of your facilities by performing QRA.
  • Identify and minimise risk – associated with the establishment quantified through QRA. This helps organisations to make cost-effective decisions and manages the risks for the entire asset lifecycle.
  • Benefit from an expert partnership – providing experience in QRA to support your projects.
  • Draw upon global support – with TÜV SÜD’s strong international and regional presence, providing a high level of knowledge in most markets, backed up by local expertise.
  • Protect your reputation – by identifying risks and appropriating mitigation measures early in the development process. By preventing major accidents at your plant, you can protect your employees, the environment, company assets and its reputation.

Our Recommendations

We strongly recommend that you undertake QRA, to identify hazards and quantify the risks at your facilities and sites.

A comprehensive QRA session with TÜV SÜD will help answer the questions and challenges you have on determining and quantifying risks, enabling you to avert emerging problems and find suitable solutions for existing issues. 

To know more about TÜV SÜD’s QRA offerings, please call us on +65 6778 7777 or mail us on [email protected]

We are participating in the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) from 11th - 14th November 2019. See you at the TÜV SÜD Booth no. 13455 @ German Pavilion, Abu Dhabi National Exhibition Center (ADNEC) - Hall 13! 

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