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Feb 13-16, 2012

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	F E A T U R E

Some Methodologies For Risk Assessment October 30, 2000
	Failure Mode and Effects Analysis: Examines each potential failure condition in a system to determine the severity of the impact to the system. HAZOP (Hazard and Operability): Examines process and engineering intentions to assess the potential hazards that can arise from deviations from design specifications. Historical Analysis: Examines frequency of past incidents to determine the probability of a condition recurring. Human-Error Analysis: Examines the possible impact of human intervention and error on a system. Probabilistic Risk Assessment: Examines the probability that a combination of events will lead to a particular condition. Tree Analysis: A family of analysis methods, such as event tree, attack tree, management-oversight tree and fault tree, that focuses on processes or a sequence of events that may lead to a particular condition.

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