Quantitative Risk Assessment (QRA)
Quantitative Risk Assessment (QRA) & Consequence Modelling
In several industries, possibilities of accidental release of toxic or flammable materials are always higher. Loss of containment (LOC) events can take place at any time. It will cause great damage to employees, people and the surrounding environment. So, one needs to understand LOC events from A to Z as it will minimise the future occurrence of unpleasant events.
Quantitative Risk Assessment 100-1K is a complicated task. Experts need to collect a large amount of information both about the external environment and about the characteristics of the project being evaluated, building special economic and mathematical models, using computers and specialized software. It also demands high qualifications, knowledge and skills of staff, and time. The main purpose of QRA risk assessment is to determine the impact of risk implementation on project goals and ensure the uninterrupted completion of the project.
Consequence modelling is an important step in the quantitative risk assessment of a business project. Through this process, experts get significant information on the effects of a loss of containment event. It is used to deal with a wide range of threats such as fires, thermal radiation, explosions, flammable gas dispersion, etc. Furthermore, consequence modelling is used to forecast the behaviour of a harmful release and helps ex[erts to know the possible impacts caused by the release.
Main Beneficiaries of Consequence Modeling:
Project Teams and
Hazardous Area Classification committees.
We have lots of experience in Quantitative Risk Assessment (QRA) & Consequence Modelling. We strictly adhere to the rules and regulations of QRA and consequence modelling while offering top-quality solutions to national and international clients.