The Quantitative Risk Assessment (QRA) Certification Course on Olanab Academy is a comprehensive, industry-aligned program designed to equip professionals with the skills to numerically evaluate, model, and manage risks in complex and high-hazard environments.

Unlike qualitative risk tools that rely on judgment alone, QRA provides data-driven, defensible insights into accident likelihood, consequence severity, and societal and individual risk levels. This course takes you step-by-step through the theory, methodology, calculations, and practical applications of QRA, enabling you to support regulatory compliance, land-use planning, safety case development, and major investment decisions.

Whether you work in oil & gas, chemical processing, energy, manufacturing, transportation, or infrastructure, this course bridges the gap between safety theory and real-world risk-based decision-making.

Who This Course Is For

This course is ideal for:

• Process, Chemical, Mechanical, and Safety Engineers
• HSE and Process Safety Professionals
• Risk Analysts and Reliability Engineers
• Facility Managers and Operations Leaders
• Consultants and Regulatory Compliance Professionals
• Project Engineers involved in high-risk facilities
• Graduate engineers seeking specialization in risk engineering

No advanced mathematics beyond engineering fundamentals is required—concepts are explained clearly with practical examples.

What You Will Learn

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

• Understand the principles and objectives of Quantitative Risk Assessment
• Identify and define hazardous scenarios for QRA studies
• Perform frequency analysis using historical data and failure rate databases
• Model event trees and fault trees for accident escalation
• Conduct consequence analysis for fires, explosions, and toxic releases
• Calculate individual risk, societal risk, and risk contours
• Interpret and present FN curves and risk acceptability criteria
• Apply risk tolerability frameworks (ALARP, regulatory benchmarks)
• Use QRA results to support design decisions, layout optimization, and land-use planning
• Understand the limitations, uncertainties, and assumptions in QRA studies
• Structure and review a professional QRA report

Learning Approach

• Clear explanations of complex risk concepts
• Practical, industry-relevant examples
• Worked illustrations of QRA logic and calculations
• Visual explanations of event trees, risk contours, and FN curves
• Real-world application focus—not just theory

Certification

Upon successful completion of the course, participants will receive a Quantitative Risk Assessment (QRA) Certification from Olanab Academy, demonstrating competence in risk-based analysis and decision-making for high-hazard systems.

This certification strengthens your professional profile and supports career advancement in process safety, risk engineering, and HSE leadership roles.

Why Learn QRA with Olanab Academy?

• Industry-focused, practitioner-led content
• Clear link between theory and real-world application
• Designed for engineers and safety professionals—not academics alone
• Practical knowledge you can immediately apply on projects
• Learn at your own pace, anytime, anywhere

Career Impact

Professionals trained in QRA are in high demand for roles involving:

• Process safety and loss prevention
• Major hazard facility compliance
• Risk-based design and investment decisions
• Regulatory approvals and safety cases
• High-consequence project evaluations

This course positions you to move from rule-based safety to risk-based decision-making—a critical skill in modern engineering and safety management.