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Step 8 Rate Consequence of Failure

  • Updated on Jan 30, 2025
  • Published on Aug 16, 2024
  • 1 minute(s) read
  • Denis Tkalec
  • Tomislav Renic
  • Elsa Tolsma

Aim

Determine per Component per DM the Consequences of Failure (CoF) for the Most Credible Failure Scenario (defined in Step 4) for the following Consequence categories:

  • Asset: Economic damage to the asset including consequential business loss.
  • People: Health and safety consequences resulting from loss of primary containment.
  • Environment: Environmental consequences resulting from loss of primary containment.
  • Community: Reputational consequences of an incident.

See Methodology Step 8 and Software Step 8.