Fundamentals of ALARP & Cost Benefits Analysis

Training

ALARP (As Low As Reasonable Practicable) is one of the fundamental principles of risk management. We
neither need nor want to manage risk to the point where we eliminate it, because doing so is simply not a good use of
resources. i.e. the point where the costs exceed benefits. Engineers are often required to make decisions on
investments in risk reduction measures; however, at certain point not all investments are justified by the risk reduction
achieved. A cost Benefits Analysis can help make wise investment decisions. This course is aimed at providing
fundamental knowledge and concepts of ALARP & Cost Benefits Analysis (CBA).

At the end of this course, participants will understand:

1. The purpose and importance of ALARP and its implication on engineering design.

2. Ascertain that design engineering practices / requirements are demonstrated;

3. Identify further risk reduction measures that can be implemented in the design to reduce risks to ALARP.

4. Understand concepts of Cost-Benefits analysis in decision making

SHEPHERD RISK www.shepherdrisk.com

Safety, Risk & Loss Prevention Engineering
Course outline
• Background and Objectives • ALARP Requirements
• Lessons learned from Process safety • Statement of fitness
incidents • Cost Benefits Analysis
• Risk Management • ALARP Documentation
• ALARP Principles • ALARP Demonstration throughout
• HAZARD Management Project lifecycle

• ALARP Demonstration Methodology

• Risks – Unmitigated vs. Mitigated
• Risk Matrix
• Risk Tolerability Criterion
• Bow-tie overview
• Risk Presentation
• ALARP Decision framework

Who Should Attend This course is designed for Line Managers,

Process Safety engineers, Process Engineers
and HSE professionals who are involved in
design & operations activities in E&P,
Chemicals & Petrochemicals and Utilities
industry.

When TBA

Where TBA

Registration / Information info@shepherdrisk.com

009223002396633
CONTACT US

SHEPHERD RISK - 5A3 Fakhri Trade Centre, Shahrah-e-Liaqut, Karachi.

www.shepherdrisk.com
E: info@shepherdrisk.com
T: 0092-2132602282
M: 00923002396633