Risk Analysis

Do you know your potential hazards?

Safetec has extensive experience in the planning, execution and implementation of quantitative risk analysis (QRA) techniques as a risk management tool. We have been responsible for the completion of a large number of QRAs ranging in size from small semi-quantitative studies of very specific activities to fully integrated QRAs of multiplatform offshore complexes.

Why risk analysis?

A QRA should be undertaken for all stages of a project, from concept selection through design, construction, operations, maintenance and modifications to decommissioning and removal. Hazard analysis and QRA are now well established methods for aiding engineering and management decision-making.

What we do?

A full risk analysis involves the estimation of frequency and consequences (i.e. risk) for a range of potentially hazardous scenarios. The methods and tools Safetec employ to carry out QRA can include:

  • Hazard identification (HAZID)
  • Frequency evaluations of all major events (Major Accidental Hazards- MAH)
  • Consequence evaluations
  • Fire, smoke and gas simulations and/or assessment
  • Explosion simulations and/or assessment
  • Impairment evaluations
  • Quantification of risk to personnel, environment and asset
  • ALARP evaluation

Risk Analysis

Risk analysis need not be costly or complex

QRA does not necessarily have to be a complex exercise. In some cases, a relatively simple QRA suffices. It is imperative to decide, at an early stage, to what level a QRA should be developed. In doing so, the creation of a more cost-effective and useful decision-making tool is made easier.

Let’s talk

Get in touch to find out how we can help you to do the risk analysis that are suitable for your organisation and your operations.