Certified Quantitative Risk Assessment Professional (CQRAP)

This training will equip participants with a comprehensive theoretical and practical comprehension of developing QRA models in the Process Industries.

Quantitative Risk Assessment (QRA) is a useful instrument for determining the risk associated with the management, transport, and storage of hazardous substances. The participants will be able to undertake a quantitative risk assessment and integrate the results into design and operations in the Oil and Gas and Process industries after completing this online training course.

Certification Program Objectives: 

  • Risk Assessment Techniques
  • Identification of Dangers and Frequency Estimation
  • Modeling a Source Term
  • Individual & Social Risk Evaluation
  • Risk Management & ALARP demonstration
  • Perform a Quantitative Risk Assessment for the reliability evaluations

Certification Requirements:

  • Bachelor’s Degree

And/or

  • 2 – 5 years of relevant work experience

Certifying Examination:

  • To be certified as CQRAP, student should take up a 1.5 hours exam at the designated examination centers.
  • The qualifying exam would consist of 50 multiple choice questions, testing core certification modules.
  • Professionals with relevant experience and other qualifying criteria may be exempted from the examination.

Certification Modules:

  1. Fundamentals of Risk Assessment
  2. Probability and Consequence Analysis
  3. Risk Assessment Models and Techniques
  4. Data Collection and Analysis for Quantitative Risk Assessment
  5. Risk Mitigation and Management Strategies
  6. Regulatory Compliance in Quantitative Risk Assessment

* The modules of the certification are constantly updated and are subject to change.

Who Should Do This Certification:

The Certified Quantitative Risk Assessment Professional (CQRAP) certification is tailored for individuals seeking specialized expertise in quantitative risk assessment. Whether you’re an experienced professional in risk management, looking to specialize in quantitative methods, or aspiring to enhance your skills for career growth, this certification provides targeted knowledge and proficiency.

  • Risk Management Professionals: If you are currently working in roles related to risk management, the CQRAP certification equips you with essential training in quantitative risk assessment methodologies. It provides strategic insights and practical skills needed to conduct rigorous risk assessments using quantitative models and techniques.
  • Safety Engineers and Specialists: For professionals dedicated to safety engineering and risk analysis, the CQRAP certification is a valuable asset. Whether you’re a safety engineer, risk analyst, or process safety specialist, this certification offers advanced training to enhance your proficiency in various aspects of quantitative risk assessment.
  • Aspiring Risk Analysts: If you’re considering a career in risk analysis or seeking to transition into roles focused on quantitative risk assessment, the CQRAP certification provides a solid foundation to kickstart your journey. It offers comprehensive knowledge of probability and consequence analysis, risk models, and mitigation strategies.
  • Insurance and Financial Analysts: Individuals working in insurance and finance, including risk analysts and financial consultants, can benefit from the CQRAP certification. It provides insights into quantitative risk analysis, ensuring that individuals responsible for assessing financial risks are well-versed in advanced risk assessment techniques.
  • Consultants and Advisors: Risk management consultants, freelance analysts, and individuals offering specialized services in quantitative risk assessment can enhance their credibility and expertise by obtaining the CQRAP certification. It demonstrates a commitment to professional standards and equips you with the knowledge and skills to provide impactful solutions for your clients.
  • Career Advancers: If you’re considering a career advancement in the field of risk management and are drawn to the critical role of quantitative risk assessment, the CQRAP certification can provide a competitive edge. It offers the necessary training and credentials to pursue leadership roles in quantitative risk analysis, even if you’re coming from a different technical background.

Whether you’re deeply involved in risk management or exploring it as a new career specialization, the Certified Quantitative Risk Assessment Professional (CQRAP) certification is designed to elevate your skills, expand your career opportunities, and empower you to make a significant impact in quantitative risk assessment processes.