Risk analysis

Summary

Risk assessment tools for a variety of scenarios.

The identification and evaluation of the likely consequences and expected frequency of hazardous events is a major input to the risk management decision-making process.

During this course you will learn a number of risk analysis techniques and their strength and weaknesses, and build the understanding to be able to choose the correct technique in different situations and stages in the project lifecycle. Key techniques include SIL assessment, QRA and LOPA.  

You will learn how to apply those techniques and to critically review the risk assessments created by others. Your understanding of hazard identification will be built up with many activities using different examples and case studies.

This course places an emphasis on the concept of risk and qualitative risk assessment techniques.

Who should attend?

Managers, engineers, operators, HSE advisors and risk management practitioners.

How will I benefit?

• Logically deduce the most appropriate risk assessment tool or technique to be used, depending on circumstances
• Apply certain risk assessment techniques
• Critically review example risk assessments, illustrating strengths and weaknesses

Key topics

• Introduction to risk assessment
• Identifying and recording hazards – registers, schedules, inventories
• The risk assessment matrix
• Risk analysis and risk reduction through project / facility lifecycle
• Qualitative risk assessment techniques
• Significance of environmental aspects – environmental risk assessment
• Human factors in design
• Health risk assessment (HRA)
• Security risk assessment
• Business / commercial risk assessment
• Quantitative risk assessment (QRA) techniques
• Safety Integrity Level (SIL) assessment
• Layers of Protection Analysis (LOPA)
• External hazards
• Good practice in risk analysis