Demonstrate a working knowledge of selected hazard analysis techniques.

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Operations Management

Demonstrate a working knowledge of selected hazard analysistechniques.

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Hazard Analysis Techniques Hazard analysis is used to identify and quantify the risks associated with a hazard Hazard analysis techniques helps to estimate how often an hazardous event will occur estimating the consequences to persons environment and plant and deciding the required amount of risk reduction if any The widely used hazard analysis techniques include Failure mode and effects analysis FMEA and Fault Tree Analysis FTA FMEA is used to identify equipment or system failures arising from component faults evaluate the effect of failures and prioritize the effects of failures according to severity of defects FMEA techniques work by listing all possible failure modes of devices or components in the plant which is then followed by an evaluation of the effect of each failure mode On the other hand FTA looks at a hazard event and resolves the causes into basic events If the incident rate can be asserted the hazard rate can be predicted Choosing the most appropriate method for the job depends on a basic knowledge of the methods and seeing how they fit the application Failure mode and effects analysis FMEA The purpose of FMEA is to identify potential hazards associated with a process by investigating the failure modes for each process item But See Answer

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