Shortcourse S6: Risk Criteria Guidelines Shortcourse (Ticketed Event - Registration Required)

This short course will provide guidance on establishing quantitative safety risk criteria (QSRC) addressing episodic events with acute consequences. The course is based upon, and attendees will receive a copy, of the recently published CCPS Guidelines for Developing Quantitative Safety Risk Criteria. Discussions will include: 1. Benefits of using QSRC. 2. The evolution of QSRC, including precedents and current standards in use. 3. Reasons for variations among published regulatory QSRC values, and the significance for companies attempting to develop criteria. 4. Key considerations in establishing company-specific QSRC. 5. Applying QSRC in risk decision-making (e.g., in facility siting studies). 6. Common misinterpretations and misuse of QSRC, including pitfalls to avoid. 7. Risk scaling, risk apportionment, and matching criteria to the systems being evaluated. 8. Relating QSRC to quantitative criteria used in defining safety instrumented systems reliability requirements. Upon completion of the course, participants will have a better appreciation of how QSRC fits into overall risk decision-making. Participants will also have a better understanding of the complexity involved in properly applying QSRC, enabling more informed engagement with company management, risk assessment practitioners, and regulatory authorities on this important subject. The short course will not address quantitative risk assessment (QRA) techniques.