QRA (Quantitative Risk Analysis)

Quantitative Risk Analysis is proven as a valuable management tool in assessing the overall safety performance of an Industry.

Samarth safety offers you premium services for your industry to help you make the best use of the resources.

Our team helps you to identify, quantify, and assess the risk from the facility from the storage and handling of chemical products.

We also assist you in identifying, quantify, and assess the risk to nearby facilities/installations.

Our experts will suggest personalized recommendations in order to reduce the risk to human life, assets, environment, and business interruptions to as low as reasonably practicable.

Furthermore, we provide Risk Analysis techniques along with advanced quantitative means to supplement other hazard identification, analysis, assessment, control, and management methods to identify the potential for such incidents and to evaluate control strategies.

QRA is widely used in assessing the risk in Oil & Gas Installations, especially refineries, tank farms, cross country pipelines, bottling plants, terminals, etc.

Our meticulously directed Risk Assessment procedure includes:

Hazard Identification is a critical step in Risk Analysis. Many aids are available, including What-if Analysis, Hazard and Operability (HAZOP) Studies, Failure Mode and Effects Analysis (FMEA), and Preliminary Hazard Analysis (PHA), etc.,

Our assessment report will include:

  • Assessment of risks is based on the consequences and likelihood.
  • Consequence Estimation is the methodology used to determine the potential for damage or injury from specific incidents.
  • Likelihood assessment is the methodology used to estimate the frequency or probability of occurrence of an incident.

Risks are quantified by our team of experts and ranked accordingly based on their severity and probability. Acceptability of the estimated risk must then be judged based upon criteria appropriate to the particular situation. This personalized study report is used to understand the significance of existing control measures and to follow the measures continuously. Wherever possible, additional risk control measures are adopted by our team to reduce the risk levels.