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In 1986, work commenced on the precursor to the SAPHIRE software – this software package was named the Integrated Reliability and Risk Analysis System, or IRRAS. IRRAS was the first IBM compatible PC-based risk analysis tool developed at the Idaho National Laboratory , thereby allowing users to work in a graphical interface rather than with ...
Hazus is a geographic information system-based natural hazard analysis tool developed and freely distributed by the Federal Emergency Management Agency (FEMA).. In 1997 FEMA released its first edition of a commercial off-the-shelf loss and risk assessment software package built on GIS technology.
Ecolego is a simulation software tool that is used for creating dynamic models and performing deterministic and probabilistic simulations. It is also used for conducting risk assessments of complex dynamic systems evolving over time.
Outside the US, the software RiskSpectrum is a popular tool for fault tree and event tree analysis, and is licensed for use at more than 60% of the world's nuclear power plants for probabilistic safety assessment. Professional-grade free software is also widely available; SCRAM [31] is an open-source tool that implements the Open-PSA Model ...
Risk register – A project planning and organizational risk assessment tool. It is often referred to as a Risk Log. Systems Analysis Programs for Hands-on Integrated Reliability Evaluations (SAPHIRE) – A probabilistic safety and reliability engineering assessment software tool.
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [2]
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