aeSolutions to Present Three-Part Webinar on Trustworthy Risk Assessments, Quantitative Risk Assessment (QRA), and Data Validation in Process Safety

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Webinar to Address Choosing a Risk Assessment Methodology, QRA and its Applications, and Methods to Update Risk Assessment Data

GREENVILLE, S.C., December 09, 2021--(BUSINESS WIRE)--aeSolutions, a consulting, engineering and systems integration company, will be presenting a three-part webinar series on applying risk assessments in the ANSI/ISA 61511 Safety Life Cycle (SLC), with an emphasis on Quantitative Risk Assessment (QRA). The first webinar, scheduled for Wednesday, December 15th, 2021, outlines the purpose of Risk Assessment and examines the value of selecting the appropriate Risk Assessment methodology. The second webinar, to take place in January of 2022, details the capabilities of QRA and its applications. The third and final webinar, in February of 2022, introduces best practices to ensure Risk Assessment confidence and the safety of an organization’s operation.

Part 1: Choosing a Risk Assessment Methodology; December 15th at 11:00 am CST

The ANSI/ISA 61511 Safety Life Cycle starts with a Process Hazard Analysis (PHA) and a Risk Assessment. This first webinar of our three-part series details the purpose of Risk Assessment and examines the advantages and limitations of various methodologies including Risk Graph, Layer of Protection Analysis (LOPA), QRA, and others.

Part 2: Capabilities of Quantitative Risk Assessment (QRA) and its Applications; January of 2022

QRA represents the "sharpest pencil" in the Risk Assessment tool kit for quantifying risk and crediting safeguards for risk reduction. In this second webinar of our three-part series, we present applications for QRA, its utility for modeling dependencies, conditions where QRA provides value over other risk assessment techniques, and application of QRA in Bowtie Analysis.

Part 3: Best Practices to Ensure my Risk Assessment is Trustworthy; February of 2022

One of the most powerful features of the Safety Life Cycle (SLC) is validation of the Risk Assessment with actual performance data; this is the ‘cyclic’ aspect of the SLC. One of the largest sources of error in a Risk Assessment is applying generic "industry" data without validation, which can increase the frequency of incidents or the cost of controlling hazards. This final webinar of our three-part series shows how to leverage qualitative and quantitative methods to update Risk Assessment data, including using probability distributions and confidence intervals.

WHAT:

Three-Part Webinar: Trustworthy Risk Assessments, Quantitative Risk Assessment (QRA), and Data Validation in Process Safety

WHEN:

Wednesday, December 15th at 11:00 am CST; January of 2022, date TBD; February of 2022, date TBD

WHO:

Joe Veasey, aeSolutions Senior Principal Specialist; and Dave Grattan, aeSolutions Senior Principal Specialist

REGISTRATION: https://www.aesolutions.com/risk-assessment-webinar. Participants will register for all three events at once and can opt out at any time.

About aeSolutions

In business since 1998, aeSolutions is a consulting, engineering and systems integration company that provides industrial process safety and automation products and services. They specialize in helping industrial clients achieve their risk management and operational excellence goals through expertise in process safety, combustion control and safeguarding, safety instrumented systems, control system design and integration, alarm management, and related operations and integrity management systems. For more information, visit www.aesolutions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209005548/en/

Contacts

Kari Walker for aeSolutions
Kari@redironpr.com
@KariWalkerPR

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