On Friday April 4th at 9am PST to learn more about applications of our FaultTree+ software. During this demonstration we will introduce our fault tree analysis software FaultTree+ and as an added bonus we will be discussing how to tie a fault tree to an event tree and perform a LOPA study. Layer of Protection Analysis, or LOPA, is a study developed to identify risk. By performing a LOPA on a system you can create a method for identify the actions available to mitigate the potential consequences of a particular risk. To do this we will start with likelihood of a particular hazard occurring, analyze the system using quantitative methods, and identify the mitigation measures against the hazards that have been identified.
Once the mitigating actions have been identified the probability of those hazards occurring can be reduced by implementing safeguards that bring the hazard into an acceptable level. An event tree is an excellent way to determine the consequences of successful, or the failure of, safeguards.
Basically, a LOPA is performed to identify the weakest points of a system and evaluate the safeguards in place to mitigate the consequences of that hazard.
To join this webinar: Register Here