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Quantitative Risk Assessment

Quantitative risk assessment (QRA) is a structured approach to identify and understand risks associated with hazardous activities. It provides a numerical probability of harm from events and calculates single loss expectancies of assets. QRA software estimates risks given defined parameters and is used in industries like chemicals and finance. The study results indicate off-site effects. QRA is carried out for installations storing or processing hazardous chemicals or transporting them via pipelines. It involves system description, hazard identification, failure case listing, release consequence estimation, frequency estimation, consequence analysis, risk analysis, and individual and societal risk estimation.

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344 views2 pages

Quantitative Risk Assessment

Quantitative risk assessment (QRA) is a structured approach to identify and understand risks associated with hazardous activities. It provides a numerical probability of harm from events and calculates single loss expectancies of assets. QRA software estimates risks given defined parameters and is used in industries like chemicals and finance. The study results indicate off-site effects. QRA is carried out for installations storing or processing hazardous chemicals or transporting them via pipelines. It involves system description, hazard identification, failure case listing, release consequence estimation, frequency estimation, consequence analysis, risk analysis, and individual and societal risk estimation.

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INTERNATIONAL CERTIFICATION SERVICES

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Quantitative Risk Assessment (QRA)
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What is Quantitative Risk Assessment (QRA) ?
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QRA is a structured approach to identifying and understanding the risks associated with
hazardous activities such as the operation of a plant. T
In Quantitative Risk Assessment (QRA) a numerical estimate is made of the probability that a
defined harm will result from the occurrence of a particular event. I
Quantitative risk assessments include a calculation of the single loss expectancy (SLE) of an
asset. T
Quantitative risk assessment (QRA) software and methodologies give quantitative estimates of
risks, given the parameters defining them. They are used in the financial sector, the chemical A
process industry, and other areas. The study results shall also indicate the effects of accident
scenario on the facilities outside the installation. T
Quantitative risk analysis methods are based on statistical data and compute numerical values
like I
! Estimation of individual risks
! Aggregation of risks V
! Identification of controls to mitigate risk
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When to perform QRA ?

QRA is carried out R


! For installations storing hazardous / toxic chemicals
! For installations processing hazardous / toxic chemicals I
! For transporting hazardous material through pipe line
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Steps in QRA study
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• System Description – site location, process, inventory, environment, weather data,
P&IDs etc.
• Hazard Identification – Toxic hazards, Fire hazards (Pool fire, jet fire) Vapor cloud A
formation, fire ball, BLEVE, Non ignited vapor cloud dispersion
• Failure case listing – based on the hazard distances calculated with respect to lower S
flammable limits (LFL) of the material, thermal radiation effects, blast over pressure
effects and toxic effects S
• Release consequence estimation – based on maximum credible accidents scenario
• Release consequence estimation – based on maximum credible accidents scenario. E
• Frequency estimation – by using various data banks, fault trees, event trees & cause
consequence diagrams (as required) S
• Consequence Analysis - The consequences are estimated in terms of Lower
Flammable Limit (LFL) distance, thermal radiation distances, blast overpressure S
distances and toxic hazard distances.
• Consequence modeling is carried out by using Softwares M
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INTERNATIONAL CERTIFICATION SERVICES
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Quantitative Risk Assessment (QRA)
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Steps in QRA study contd A
• Risk Analysis – define the criteria for tolerability of individual risk and societal risk so N
that the risk assessment can be made objectively by comparing the risk levels
estimated for the project to those specified as tolerable. T
• Individual Risk – estimated by considering detailed weather conditions, probable
ignition sources identified, details of population & other facilities in nearby vicinity. I
Acceptance criteria – as per HSE executive, UK for individuals.
• Societal Risk - to provide a single measure of the chance of accidents that could harm a T
number of people in one go.
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References T
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! NORSOK STANDARD - Z-013,
! Failure rate –base frequency Purple book, TNO-Netherland V
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Softwares

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! Phast and Safeti from DNV GL - Integrated Consequence and Risk modeling aimed at the
onshore petrochemical and chemical process industry I
! Safeti Offshore from DNV GL - for Offshore structures with 3D real-time modelling.
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Are you Looking for the Quantitative Risk Assessment (QRA)
E
Call for further information at:

International Certification Services Pvt.Ltd.


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Corporate Office
22/23, Goodwill Premises Swastik Estate , 178 CST Road , Kalina , T
Santacruz (E) , Mumbai -400 098 , Maharashtra, INDIA.
Tel:022 -26507777-82, 42200900, 30608900-4 , Fax: 42200933,
Email: [email protected] / [email protected] Web: www.icsasian.com / www.icspl.org

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