Qualitative and Quantitative Risk Analysis (QRA Study)

This course has the intention of equipping the participants with knowledge of Qualitative and Quantitative Risk Assessment process in the process industry.

What is Quantitative Risk Assessment (QRA)?

A Quantitative Risk Assessment (QRA) is a defined and organized methodology for quantifying the risks that are related to an engineering process. It is considered a vital tool in knowing the exposure of risk to employees, the environment, property and the company’s reputation.

With QRA study in place, you can make economic decisions and effectively deal with risks throughout the asset lifecycle.

Objectives of a QRA study

Different risk management techniques in the process industries are covered in this course. Some of the major topics that are included in this course are:

  • Recognize the hazards related to a facility.
  • Find out the potential occurrences and impacts of the hazards that are identified.
  • Analyze the system availability of the protection systems.
  • Quantify the risks linked with a facility say for example: Risk Contours, Potential Loss of Life (PLL) Individual Risk Per Annum (IRPA), and F-N Plots.


    Advantages of Quantitative Risk Analysis

    • Evaluating the likely accident situations that include possible outcomes and initiating & controlling factors.
    • Calculated fatalities that cover individual, group and societal risk.
    • Economic losses can be forecasted.
    • Environmental impacts can be known.
    • Risk to particular primary safety operations.
    • Derived inputs to operational restrictions and design demands.
    • Identifying and evaluating preventive and improvement methods.
    • Determining the requirement for safety barriers.
    • Impacts of uncertainties and assumptions.

    Training by

    Green World

    Green World

    Green World is a global leader in health and safety consultancy and training solutions. Equipped with 30+ years of rich experience in the industry, we empower organizations with the essential tools and knowledge to tackle emerging challenges and drive improvements in workplaces that fulfill the higher standards for safety. We have the distinctive ability to offer tailored solutions that aid in accomplishing a well-defined Health & Safety Management system that addresses the potential scenarios in the organization.

    Our recent projects

    Our recent projects

    Green World has now evolved into a strategic market player for staffing solutions on turnkey HSE projects across MENA and Pan-India. Our HSE culture is built on trust, service delivery, and safeguarding the well-being of our people, communities, and environment.

    View all projects

    Partners and Feedback

    Considering the challenges virtual training has, Mr. Varun really excelled at keeping everyone engaged, without causing fatigue. This class was still effective and very informative. Trainer was excellent, well informed, engaging, patient, and even funny at times.

    5 / 5

    Pradeep Mohan

    Manager – IHM and Consultancy Division

    Green world have shown absolute professionalism in providing end-to-end solution by providing qualified HSE manpower for our shutdown and maintenance projects and ensured that business continuity is maintained in the most critical time. A delight to work with such a wonderful team. All the very best.

    5 / 5

    Shamrose Yaqoob

    EHS Specialist – SIEMENS LLC, Dubai, UAE

    It is always a pleasure for Vanderlande to work and get associated with Green World Group. The team is extremely supportive and has always catered to all the training requirements of Vanderlande. Green World Group is very reliable and ensures to provide excellent quality of trainings with highly qualified trainers. We are truly happy to be associated with GWG.

    5 / 5

    Sheetal Gaur

    Sr. Lead- Learning and Development, Team HR Vanderlande


    Get Your Query Answered / Get Expert Assistance To Choose the Right Course for You Or Your Associates