Know your consequences, understand their risk
In a world of limited resource, the business goal is to be efficient and cost-effective. In process safety, preventing all possible loss of containment scenarios would come at disproportionate cost to the business. Risk management is the practice of ensuring risks are reduced to as low as reasonably practicable (ALARP), which means making investments in the areas where it matters most.
Our quantitative risk analysis (QRA) solution enables professionals to firstly understand the consequence and risk of their process safety hazards and secondly to prioritise areas for risk reduction so that the business can be both safe and profitable.