Novosys Pte Ltd, Singapore (Novosys)

Quantified Risk Assessment (QRA)

Quantitative Risk Assessment

Quantitative Risk Assessment

Quantitative Risk Assessment: The assessment starts by taking inventory of potential hazards, their likelihood, and consequences. The quantified risks are then assessed by comparison against defined criteria.

A QRA is a formal and systematic approach to estimating the likelihood and consequences of hazardous events, and expressing the results quantitatively as risk to people, the environment or your business. Contact us to know more information.

Competitive Advantages of Quantified Risk Assessment

  • Understanding risk is vital for sound and cost-effective decision making and for establishing a technical risk picture for the entire asset lifecycle.
  • Risk assessment is the overall process of identifying and analysing risk, and evaluating how it might be modified to satisfy regulatory and corporate criteria.
  • Proactive approach to ensure workplace safety and health
  • Reduce business cost through protecting company assets and employees
  • Creates a safer and healthier workplace for employees

Process Flow


Our consultant will contact you to gather information about your organization to understand your company needs and ISO standard requirements.

Gap Analysis and Planning

Assess your organization’s current practices and identify gaps. Develop a plan to address the gaps and achieve ISO compliance.

Documentation and Implementation

Develop necessary documentation, policies, and procedures. Implement the changes and new processes within your organization.

Training and Awareness

Provide training to employees on ISO standard requirements and their roles in the implementation.

Internal Audits

Conduct internal audits to assess the effectiveness of the implemented ISO management system and identify areas for improvement.

Certification Audit and Issuance

Receive the ISO certification, upon successful audit from an accredited certification body.


Contact us to know more information about this consultancy service:

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