QRA is a systematic risk assessment approach used to quantify the risks associated with the operation of an engineering process. It is a valuable tool to support the understanding of exposure of risk to employees, the public, the environment, and company assets.
Hierarchy of Controls
Risk management should usually begin with the hierarchy of controls. Under common and statute law we are required to eliminate exposure to hazards, so far as is reasonably practicable. And where elimination is not possible, to reduce the associated risk so far as is reasonably practicable. Electricity is fundamentally hazardous and due to its incredible utility, is unlikely to be eliminated.