Whats new? | Are you a small medium enterprise? Take your first steps to compliance today visit sme.cardinus.com

Introduction to quantitative risk assessment

In the majority of situations, a ‘suitable and sufficient’ risk assessment can be carried out using intuitive or semi-quantitative techniques. However in cases where the potential impact is great we may need to use techniques that will provide us with a measurable probability of the occurrence of an event. This can employ statistical analysis of historic data or predictive techniques to estimate probability of events that happen infrequently.

This course will introduce participants to some of the more common techniques and will allow opportunity for practical exercises. In view of this aspect, this course is only suitable for participants with a reasonable level of numeracy.

Download pdf(65KB)

At the end of the course you will be able to:

Recognise the commonest quantitative techniques employed in risk analysis.
Understand simple statistical techniques for analysis of historic incident data.
Understand the principles behind the common predictive techniques.
Understand the use of hazard indices for assessing impact.
Understand the benefits and limitations of the various techniques.

What is QRA?
When would we apply these techniques?
Types of random variable.
Analysis of historical data using:
- Normal distribution.
- Binomial distribution.
- Poisson distribution.
Predictive techniques, including:
- Fault tree analysis.
- Even tree analysis.
- Failure mode and effect analysis.
- Monte Carlo simulation.
Hazard indices.
How to apply the results.

This is a one day course.

As a public course: £195 +VAT per delegate

As an in-house course: £1,000 +VAT for up to 15 delegates

Get started

To receive a free of charge link to see any of our e-learning courses or to receive further information, please fill in your details below.
Name:
Organisation:
Telephone:
Email:

CARDINUS TV is a growing collection of informative videos covering the diverse world of risk management. Click here to read more >>

Click here to request more information or telephone 020 7469 0200

Cardinus offers a wide range of risk management and health and safety solutions across a broad range of business sectors. In addition to our health and safety e-learning products, our DSE risk assessment software enables you to carry out an expert-reviewed, properly validated ergonomic assessment at each of your employees' workstations to ensure your business is compliant with DSE regulations in the UK.

Cardinus' range of services also includes fleet risk and fire risk assessment solutions. Our fleet driver training services help you to reduce injuries and save costs, ensuring all relevant staff are fully trained and aware of occupational road risk issues. Alongside our health & safety consultancy services, we also offer advice and support in property risk management , landlord responsibilities guidance and environmental protection .