Quantitative risk assessment (QRA) is a valuable tool for assessing and managing risks. The technique provides a structured and quantifiable approach to risk analysis, enabling organizations to make accurately informed decisions and prudently manage process risks. QRA can be used to inform every aspect of process risk management, including: site selection and layout, process and safety system design, emergency planning, spacing requirements for installations, process deviation control, fire protection design, gas detection layout, and emergency isolation measures, among others.