Effective management of risk in hazardous operations
Quantitative risk analysis (QRA) is a method for assessing risks associated with hazardous events in process operations. By evaluating the likelihood and severity of potential loss of containment scenarios, QRA delivers reliable and quantifiable risk results.
The QRA approach helps organizations make informed decisions, managing risks to levels that are As Low As Reasonably Practicable (ALARP). QRA also facilitates compliance with safety regulations and identifies key areas for safety improvements. This focus is essential for maintaining operational safety and safeguarding personnel and the environment.
Our QRA software solution, Safeti, equips professionals with the tools to understand the consequences and risks of process safety hazards. More importantly, it aids in prioritizing areas for risk reduction, facilitating the balance between safety and profitability in business operations.