What is QRA? An In-Depth Explanation of Quantitative Risk Assessment| Sigma HSE

Quantitative Risk Assessment (QRA) evaluates risks by identifying hazards, estimating their likelihood and consequences, and quantifying the overall risk. This helps determine if the risk is acceptable and, if not, guides the development of mitigation strategies. QRA is essential in high-risk industries like oil and gas, chemicals, and nuclear power for safety and compliance. If you want know more about QRA, then you can watch this video.
https://www.youtube.com/watch?v=KlhexkYP_nM