Why is a Quantitative Risk Assessment (QRA) conducted and how does it result in risk reduction? What are the steps involved and is there an approach that qualifies risk reduction to better manage and mitigate risks at your facility? This webinar will provide an overview on the concept of risk and QRA, outline the main steps in conducting a QRA as well as the type of results generated from this analysis. Learn to quantify risk reduction via QRA with an effective approach developed by ioMosaic, which demonstrates how to calculate specific Risk Reduction Factors (RRFs) to achieve tolerable risk. Additionally, this webinar will address the design of an Independent Protection Layer (IPL) from the reliability point of view with the aim to provide further insight and better inform process design and safety decisions.
Here's what you'll learn:
- Gain a thorough understanding of risk concept(s)
- Learn what are the standard steps/methodology involved in a QRA and how to conduct them
- Acquire an understanding of the significance of risk tolerability criteria
- How to quantify risk reduction through a QRA (i.e. quantification of risk reduction factors)
- Understand the link between QRA, risk reduction, Safety Instrumented Function (SIF), and Safety Integrity Level (SIL) concepts
Presenter
Sponsored webinars bring technical information from reputable firms and suppliers to AIChE members. The content reflects the views, opinions, and recommendations of the sponsoring organization. AIChE does not warrant or represent, expressly or by implication, the correctness or accuracy of the content of the information presented. As between (1) the AIChE, the presenter and author(s) of this work, their employers, and their employers' officers and directors, and (2) the user/viewer of this work, the user/viewer accepts any legal liability or responsibility whatsoever for the consequence of its use or misuse. Contact information for attendees of this webinar, including email address, will be shared with the sponsoring firm. You will always have the opportunity to unsubscribe from email from that organization.
Explore More Areas of Advancement
AIChE Practice+ provides learners with opportunities to work on real-world challenges through industry internships and competitions.
With AIChE Career Discovery®, we'll help you to identify aptitudes and skills you’ll need in order to achieve your full potential at various career stages.
AIChE Credential validates your proficiency with potential employers in areas such as process intensification, safety, sustainability and others.