This course explores advanced risk management principles in process industries, emphasizing hazard identification, risk estimation, and incident modeling. Students learn to analyze consequences of incidents, model risks (fire, explosion, collision), and make informed decisions under uncertainty, with practical applications in real-world case studies.

• Apply risk management principles to process industries.
• Estimate and analyze risks and consequences of incidents.
• Use models for fire, explosion, and collision risks.
• Make decisions under uncertainty in risk contexts.
• Conduct Fire and Explosion Risk Assessments (FERA).
• Apply risk management to case studies.

• Introduction to Advanced Risk Management
• Risk: Estimation, Presentation and Perception
• Incident Consequences Analysis
• Effects Models for Consequence Analysis
• Vulnerability Models
• Estimate Possible Incidents
• Risk Estimation
• Decision Making Under Uncertainty
• Fire Risk Modelling
• Explosion Risk Modelling
• Collision Risk Modelling
• Fire and Explosion Risk Assessment (FERA)
• Case Study Related to Risk Management of Process

1. Cameron and Raman’s Process Systems Risk Management
2. Kenney’s Process Risk Management Systems
3. Spouge’s Guide to Quantitative Risk Assessment for Offshore Installations
4. Vinnem’s Offshore Risk Assessment