Fundamentals of Quantitative Risk Assessment and its Benefits

Learn how to carry out an effective QRA

A Quantitative Risk Assessment (QRA) is a formal and systematic risk analysis approach to quantifying the risks associated with handling, processing, transport and storage of hazardous materials. A QRA is an essential tool to support the understanding of exposure of risk to employees, the environment, company assets and its reputation.

Fundamentals of Quantitative Risk Assessment and its Benefits

In the wake of high profile accidents with widespread consequences, such as Deepwater Horizon, Buncefield, Bhopal Gas, Piper Alpha and Texas Refinery, many organizations are determined to achieve a better understanding of their exposure across the whole spectrum of potential risks. An important part of this effort is learning to carry out an effective QRA, which provides a reliable, standardized method for calculating individual, societal and environmental risk levels and can be used for comparison with regulatory risk criteria.

For organizations involved in handling, processing or transporting hazardous material— whether flammable, toxic or explosive—learning to implement a top-notch QRA is an excellent way to evaluate the risks associated with these substances. This training course not only covers QRA fundamentals but also highlights the benefits of the process, which include the selection of appropriate preventive and mitigating safeguards, the ability to make cost effective decisions around risk reduction and to manage risk for the entire asset lifecycle. The course takes participants through every step in the risk analysis process with the goal of ensuring the protection of people, property and the environment.

Join two of DEKRA’s global experts as they explain the most relevant elements of QRA and respond to your questions on the topic in this 3-hour webinar. Additional material such as presentations, transcripts etc. will not be supplied. For your convenience, the webinar will be delivered at two different times to accommodate participants from multiple time zones. We offer the webinars for 95 € per webinar per participant.

Topics covered

  • Hazard Identification
  • Frequency Analysis
  • Consequence and Risk modelling
  • Location specific and Individual Risk
  • FN curve and Societal Risk
  • Analysing QRA results
  • Priorities for Risk Reduction
  • Continuous Risk Reduction/ ALARP Demonstration
  • Emergency Response Plan
  • Benefits of Risk management

Intended audience

This training is designed for anyone involved in or making decisions about HSE functions, from top management and health and safety specialists to stakeholders at every organizational level. This includes, but is not limited to:

  • Top management handling HSE functions
  • Decision Makers
  • Process and HSE technocrats
  • Plant Managers
  • Project Managers
  • Process Control Specialists
  • Risk Assessors
  • Management Representatives
  • Line Managers
  • Shift Supervisors
  • EPC Companies

Dates and times

5th November 2020

  • 10:00 am to 1:00 pm CET
  • 5:00 pm to 8:00 pm CET

Meet the trainers

Sakila Bhadu

A chemical engineer and safety and business-improvement specialist, Sakila Bhadu has a wealth of experience guiding clients through process safety implementation and creating business process excellence. With expertise in process industries such as energy, oil and gas, pharma, chemical, automotive and food production, Sakila combines a strong technical background with an understanding of the diverse needs of our clients. Her unique skillset and in-depth understanding of the qualitative and quantitative risks facing facilities across the globe allow her to assist clients in a range of industries and locations.

In the course of her work with oil & gas and petrochemical industries, she has conducted safety studies including PSM, HAZOP, HAZID, consequence analysis and physical effects modelling, SIL, RAM, QRA, EERA, safety audits, ESSA, dispersion and FERA. She has worked on both onshore and offshore projects with GASCO, ADGAS, SNC, Takreer, AGIP KCO, ENOC, PDO, Al Hosn Gas, Reliance, ONGC, Valentine Maritime, Mott MacDonald, NPCC, ESSAR, MHI, IOC, and others. She is well versed in the software applications OPTAGON, HAZOP-Pro, CIRRUS, PHAST, Phast Risk, FRED and Shepherd.

Keyvan Esfahani

Keyvan Esfahani is a senior consultant engineer from DEKRA China with more than 12 years experience in oil, gas and petrochemical industries. He is a chemical engineer with a master degree in process safety and loss prevention from the University of Sheffield, and he is a TÜV certified Functional Safety Engineer and NEBOSH certified Process safety Manager.

He has worked as a Senior Safety Engineer at several onshore and offshore projects in Iran, Indonesia, Thailand, Myanmar, China, Chad, Kuwait, UAE, Turkmenistan, Algeria and Iraq. He has gained a broad knowledge about Oil and Gas project loss prevention and conducting safety studies like HAZID, HAZOP, HSE Case, SCE &PS, FIREPRAN (FSA), Fire and Explosion Risk Analysis (FERA), Non-Hydrocarbon Hazards Analysis (NHHA), EERA, ESSA, Dropped Object Study, Ship Collision, QRA, SIL Study and SIL verification, Noise and AIV Study, HEMP and F&G Mapping Study.

Working with international companies like Total, Chevron, ENI, Shell, BP, PCH, PTTEP, PETRONAS, PERTAMINA, INPEX, KEC, KOC, ADNOC, Sonatrach, etc., allowed him to develop continuously in fields related to process safety. He has excellent knowledge about the safety and firefighting design of Onshore, Offshore, Power Plant, Petrochemical, Oil Depot, Compressor Station, FPU, CPP, LNG, FLNG, FPSO, CPF, GPP and wellhead facilities.

He is competent to use software like PIPENET DNV PHAST, SAFETI, Shell FRED, PHA PRO, ASPEN FLARNET, FLARSIM, ASPEN PLUS, HYSYS, and BP Cirrus and Detect 3D.

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