Fundamentals of Quantitative Risk Assessment

An Online Training Course by Cholamandalam MS Risk Services Safety Academy.


    Note: This course is taken entirely on a separate portal hosted by Cholamandalam MS Risk Services Safety Academy. Upon successful enrolment, you will receive the login details to start the course within 24-48 hours.


    Course Description:

    Quantitative Risk Assessment (QRA) is a valuable tool for determining the risk of the use, handling, transport and storage of dangerous substances. QRAs are used to demonstrate the risk associated with the facility and to provide competent authorities with relevant information to enable decisions on the acceptability of risk related to developments on site, around the establishment or transport route. QRA is a formalized specialist method for calculating individual, environmental, employee and public risk levels for comparison with regulatory risk criteria.



    • Define what QRA is
    • Explain the Methodology of QRA
    • Understand consequence and risk analysis
    • Interpret the consequence and risk results


    Who Should Take This Course:

    HSE professionals involved in Process Safety and Plant management, like Plant managers, Process Engineers, safety professional or engineers interested in plant design, facility siting, emergency response planning.



    1. Introduction to QRA
      • Understand the concept of QRA
      • Objectives of QRA studies
      • Key technical terms required to understand QRA
    2. Applicability of QRA
      • Applicability of QRA studies
      • In which stage of a project should QRA be performed
      • What are the types of industries in which QRA is applicable
    3. Methodology of QRA
      • What is the Methodology adopted in QRA and what are the standards available
    4. Consequence Analysis
      • What is consequence Analysis and what are the possible outcomes
      • Inputs required to perform Consequence Analysis
      • Understanding of outcomes, interpretation and suggestions for risk reduction measures
    5. What is Risk Analysis
      • What is Risk Analysis and the outcomes
      • Inputs required to perform Risk Analysis & significance
      • Risk Analysis Vs Risk Assessment
      • Understanding outcomes
    6. Limitations
    7. Case study

    Course Curriculum

    Fundamentals of Quantitative Risk Assessment 01:30:00

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    • SGD 80
    • 1 Units
    • 90 Minutes
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    Cholamandalam MS Risk Services Limited is a 50:50 joint venture between INR 269 Billion Murugappa Group, India and Mitsui Sumitomo Insurance Group, Japan and has a technical collaboration with InterRisk, a group company of Mitsui Sumitomo Insurance Group. Established in year 1994, Cholamandalam MS Risk Services is a Chennai based Risk Consulting Company offering comprehensive Risk management & Engineering solutions in field of Safety, Health and Environment. The company has pioneered many innovative and specialized services catering to the needs of Asian & European markets for last 15 years. The organization has successfully executed more than 2000 projects (Domestic/International) which not only helped its clients maintain compliance but also optimize their EHS performance and set new benchmarks. Cholamandalam MS Risk Services, an ISO 9001:2008 company, is a certified “Environment Impact Assessment” Consultant organization by NABET EIA Accreditation committee, a constituent of Quality Council of India. The organization was also declared “Risk Manager of the Year” in Asian Insurance Industry Awards and is the only Indian company to be approved as Safety Consultants by Kuwait Oil Company under section 31S till date. The company has collaboration with Process Map Infotech for its World Class Compliance and Risk management EHS Software Solutions for Indian market. The organization has a pan India presence with office in Mumbai, New Delhi, Gurgaon, Ahmedabad and Pune besides corporate office in Chennai.
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