Quantitative Risk Assessment (QRA) is a rigorous analytical methodology used to quantify the likelihood and consequences of hazardous events associated with industrial operations. It combines failure frequency data, consequence modeling, and statistical analysis to determine risk levels affecting both onsite personnel and surrounding communities.
PNA Risk Management performs comprehensive QRA studies that evaluate multiple accident scenarios including fires, explosions, and toxic releases. Using advanced modeling tools and internationally accepted methodologies, we develop detailed risk contours that illustrate individual and societal risk levels.
These assessments allow organizations to demonstrate that facility risks are maintained As Low As Reasonably Practicable (ALARP) and within acceptable regulatory thresholds.
QRA studies are commonly required for major hazard installations, facility siting studies, and regulatory submissions, particularly under the CIMAH regulatory framework in Malaysia.