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Quantitative Risk Assessment

Enhancing Industrial Safety Through Advanced Quantitative Risk Intelligence

Upcoming Session

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  • 1 Session
  • Registration open
  • In-person
  • CAPE
  • 5,500
  • HRDC claim: Register at least 14 days prior to training

Why should I take this course?

Introduces key QRA principles, provides practical training in consequence analysis (fire, explosion, toxic release), enables interpretation of risk modelling outputs for decision-making, and strengthens capability to evaluate risk tolerability and implement effective risk reduction strategies.
The Quantitative Risk Assessment (QRA) course is designed to equip participants with the knowledge and practical skills to assess and quantify risks associated with major hazard installations. It focuses on evaluating the likelihood and consequences of hazardous events such as toxic releases, fires, and explosions, and expressing these impacts in quantitative terms to support risk-informed decision-making for people, assets, the environment, and business operations. The course also covers a range of QRA approaches, from basic deterministic methods to more advanced stochastic techniques, aligned with regulatory expectations and industry best practices.

Through a combination of theory and hands-on training, participants will learn how to perform consequence analysis, interpret risk modelling results, and evaluate risk tolerability for new, operational, and expanding facilities. The programme also emphasizes the application of risk reduction strategies to prevent and control major accidents, enabling participants to strengthen safety management practices and support safer industrial environments.

Learning Outcomes

Understand and apply quantitative risk assessment methodologies

Interpret risk modelling outputs for industrial decision-making

Conduct consequence analysis for fire, explosion, and toxic release scenarios

Evaluate risk tolerability and recommend mitigation strategies

Course Lessons

Value You Will Gain

  • Understand and apply quantitative risk assessment methodologies
  • Conduct consequence analysis for fire, explosion, and toxic release scenarios
  • Interpret risk modelling outputs for industrial decision-making
  • Evaluate risk tolerability and recommend mitigation strategies
  • Strengthen risk-based operational and safety management practices

Who Will Benefit Most

Identify if this programme aligns with your role, goals, and sustainability priorities
  • Process Safety and HSE Professionals
  • Risk, Reliability and Asset Integrity Engineers
  • Process, Chemical and Production Engineers
  • Plant, Operations and Facility Managers
  • Regulatory, Compliance and Safety Officers
  • Consultants and Technical Professionals involved in Major Hazard Facilities (MHFs)