TracezGlobal

Advanced Risk Management & Assessing Process Risk

Starting on 24/08/2026

Overview

Training Calendar

Introduction

This advanced program equips participants with practical and analytical tools to identify, evaluate, and manage process-related risks in industrial operations. Participants will explore risk methodologies such as HAZOP, LOPA, QRA, Bow-Tie Analysis, and consequence modelling while understanding how risk tolerability criteria influence engineering decisions. The course also highlights human factors, barrier management, and real-world failure scenarios.

Learning Outcomes

By the end of this training course, the participants will be able to:

• Apply advanced risk assessment methodologies

• Conduct qualitative & quantitative risk evaluations

• Interpret LOPA, SIL & barrier performance

• Analyse process deviations & failure scenarios

• Implement risk-reduction and mitigation strategies

Main Modules

Advanced process risk principles
HAZOP & advanced deviation analysis
LOPA & SIL determination
QRA & consequence modelling
Human factors in risk
Barrier management & assurance
Risk matrices, ALARP & tolerability
Case studies from industry failures

Certification

All participants will be awarded a Program Completion Certificate from TRACEZ upon satisfying the following conditions:

100% attendance and active participation in class and group discussions
Submission of all continuous assessments (individual and group exercises)
Successful completion of the end-of-course assessment

Mode Of Learning

online, classroom

Course Code

TPS013

Price

1460

Duration

5 Days

Category

Process Safety Programs

Language

English

Certification

Yes

Related Categories

Human Error Management

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