Risk assessment process semi-quantitative analysis

Figure 4.1 illustrates the risk assessment process for qualitative and semi-quantitative techniques that can be apphed to transportation safety scenarios. Typically, these will be a scenario and issues developed and escalated for more detailed analysis during the identification and prioritization process described in Chapter 3. 

We suggest a semi-quantitative approach where the initial part of the risk assessment process is carried out in a workshop by the use of expert elicitation. The information gathered in the workshop is then refined by the risk analysts. The alternative safety measures are categorised by cost-effectiveness to provide support for decision-making. In the proposed method evaluation of cost-effectiveness is based on calculated expected values as in a traditional cost-effectiveness analysis (e.g. expected cost per ejqiected nmnber of lives saved), as well as uncertainties. 

The deviation scenarios found in the previous step of the risk analysis must be assessed in terms of risk, which consists of assigning a level of severity and probability of occurrence to each scenario. This assessment is qualitative or semi-quantitative, but rarely quantitative, since a quantitative assessment requires a statistical database on failure frequency, which is difficult to obtain for the fine chemicals industry with such a huge diversity of processes. The severity is clearly linked to the consequences of the scenario or to the extent of possible damage. It may be assessed using different points of view, such as the impact on humans, the environment, property, the business continuity, or the company s reputation. Table 1.4 gives an example of such a set of criteria. In order to allow for a correct assessment, it is essential to describe the scenarios with all their consequences. This is often a demanding task for the team, which must interpret the available data in order to work out the consequences of a scenario, together with its chain of events. 

There are several levels of risk analysis within most methodologies for assessing risk quantitative, semi-quantitative, and qualitative. For PSSR concerns we deal almost exclusively with qualitative assessments, that is, just a determination of high or low risk. Generally any truly quantitative risk analysis (QRA) indicated for a trigger event would be performed to enhance the process hazard analysis. The associated PSSR for such a trigger event would simply follow action item progress related to the quantitative risk assessment s action items. In this case the PSSR helps assure that any action items from a QRA are appropriately followed. 

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