- A HAZOP study to identify a series of hazardous scenarios that could lead to significant adverse consequences
- A SIL Determination study, typically done using the the Layers of Protection Analysis (LOPA) method
- A Fault Tree Analysis (FTA) to determine the event frequencies associated with the hazardous scenarios from the HAZOP and LOPA study
- A consequence analysis to determine the consequences of the hazardous release from a facility (including flammable, explosion and toxic). The consequence analysis is carried out with the use of the Det Norske Veritas (DNV) Process Hazard Analysis Software Tool (PHAST) software
- An Impact Analysis to determine the frequency of a specific hazardous impact using Event Tree Analysis (ETA). ETAs are ‘bottom up’ analytical tree diagrams that determine the overall likelihood of a particular impact following a hazardous release (i.e. Jet Fire, Flash Fire Vapour Cloud Explosion (VCE))
- Risk Reduction Measures to identify the options to reduce or mitigate the risks
- Lifecycle Cost Analysis to provide a Cost Benefit Analysis (CBA) based on different risk mitigation measures
