Quantitative Risk Assessment (QRA) is at the heart of the risk-based approach to major decisions such as facility siting, expansion plans, technology and equipment selection, asset inspection and maintenance strategies, insurance options, and emergency planning. Join us in Houston, TX, on Monday, May 19, 2025, and Tuesday, May 20, 2025, for this in-person course facilitated and led by Ram Goyal, well known for his contributions to QRA-based decision making and the author of “Management of Change” Chapter 9 in the UK IChemE book Process Safety Management and Human Factors.

This course provides a foundational understanding of risk quantification principles, techniques, and practices as they apply in the chemical, petrochemical, oil, gas, and process industries where the inadvertent release of flammable and/or toxic substances can potentially cause harm to people, the environment, or facilities.

Learners will be introduced to the key components of QRA such as estimating the frequencies or rates of events with potential for hazardous outcomes, release rates, flammable material pools, vapor cloud dispersion, and subsequent harm from fires, explosions, or toxic vapors. They will gain a clear understanding of what the current industry best practices are in determining (un)acceptability of the risk, computed both in terms of Individual Risk and Societal Risk, and how to reduce an identified risk to a level As Low As Reasonably Practicable (the ALARP principle).

Learning Objectives

• Define the fundamental concepts of hazard identification, and risk (in terms of event likelihood and consequences)
• Identify how event frequencies and equipment/system failure rates can be estimated
• Basic understanding of consequence modeling
• Describe the significance of meteorological data in estimating release consequences
• Event tree analyses – fires, explosions, toxic exposure
• Concepts of risk appetite or risk tolerability – how safe is safe enough?
• Describe the core strengths of QRA and the challenges it faces

Earn CEUs: 1.2 | PDHs: 12

Course Schedule

Monday, May 19, 2025 9:00 am – 4:00 pm CST
Tuesday, May 20, 2025 9:00 am – 4:00 pm CST

Who Should Attend

This course is suited for site management, engineering, risk management, and process safety professionals seeking a quantitative risk analysis method for evaluating and reducing risk to an acceptable or tolerable level.

Please Note

Course fees include continental breakfast and lunch. Travel and hotel accommodations are not included.

ioMosaic Training Institute Benefits

Top instructors with extensive industry, technical and litigation experience. Clear, practical recommendations on how to get and stay compliant.

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