What is FMECA in Process Safety? Failure Mode, Effects, and Criticality Analysis (FMECA) is a quantitative risk assessment method used to identify potential equipment failures, analyze their consequences, and rank them based on criticality. Unlike standard FMEA, FMECA assigns a specific “Criticality Number” to each failure mode (Severity × Probability), allowing process safety engineers to...Continue Reading

Summary: Discover the role of quantifying and assessing risks in a quantitative risk assessment (QRA). Gain insights into the methodologies, tools, and best practices used to effectively analyze and manage risks. Enhance your risk management strategies with the power of quantitative risk assessment. What is a QRA? Quantitative Risk Assessment (QRA) is a systematic and...Continue Reading