Risk Analysis
ENSURE COMPLIANCE IN BUSINESS OPERATIONS + SAFETY WITH DATA-DRIVEN INSIGHTS
Thorough risk mitigation is the result of proper assessment, risk-informed engineering and design, and appropriate applications and technology use—all within the framework of a site-specific decision-making process.
We have one of the most diverse and industry-leading teams of risk-informed engineers, fire protection experts, regulatory affairs and risk assessment consultants in the world and have been the principal developers for Probabilistic Risk Assessment (PRA) methods and technology for more than 30 years.
Since then, we have established and maintained a dominant role in the use of risk and reliability techniques to ensure regulatory compliance while enhancing the safety and operational performance of complex facilities, such as nuclear power plants, chemical process facilities and hazardous material storage facilities. Our risk analysis consulting will help you save money, minimize risk and give you the peace of mind that your staff, facilities and the environment are safe.
PROBABILISTIC RISK ASSESSMENT (PRA)
Our PRA methods cover the full spectrum of modes, hazards and sources and can support nuclear and alternative power plants, transmission and distribution facilities as well as industrial and manufacturing operations. We lead the industry with developing and using “living” PRAs to inform real-time processes. Our probability risk analysis uses tested and proven PRA tools and techniques along with historical operations libraries and failure data to quantitatively derive the probability of occurrence of highly undesirable events or accidents to support sound decision-making.
QUANTITATIVE RISK ASSESSMENT (QRA)
A QRA is critical to understanding existing hazards, established mitigation programs and how exposed an engineering process is to these hazards. The knowledge from these models informs risk management decisions to optimize plant performance and safety.
SPECIALTY DESIGN + ANALYSES
To mitigate risk, our team can also inform electrical, mechanical, civil and fire protection engineering design. We leverage this expertise as well to present cost-effective modifications needed to meet PRA and QRA required outcomes.
Digital Solutions + Technology
- RiskAdvisr™ simplifies fire protection procedures, safe shutdown, cable/raceway management and probabilistic risk assessments for mission-critical facilities.
- DataAdvisr™ better manages your processes by leveraging artificial intelligence (AI) to maintain compliance in report assessment and evaluation
- SMARTPLAN™ improves emergency response plan management, compliance and accessibility for multiple-location operations.
REGULATORY COMPLIANCE
Acceptability hinges on regulatory and code compliance. Our team of experts have an in-depth knowledge of applicable codes and regulations and can help with evaluations, equivalency calculations and variances, licenses and license transitions as well as assistance with the preparation for and third-party review of audits and assessments for fire protection and safe shutdown programs. We can also provide licensing services for safety analysis, design engineering, plant operations, human factors, technology evaluation and selection, and trade-off studies.
