The application of QRA techniques gives the companies the ability to identify the most cost-effective solutions to a range of problem, including the reduction of injuries to personnel, asset protection and cost of insurance. The purposes of QRA are to:
- Determine major hazards potential
- Assist the risk decision-making process
- Demonstrate that risks are acceptable
- Assist emergency planning
- An integral part of the Safety Case for regulatory or planning purposes
- A tool for land use planning and development decisions
