Quantifying Operational Risk in Rail Transport
QSS have developed industry leading risk quantification tool which allows Transport Operators and Infrastructure Management Organisations assess and quantify the Hazardous Events to which they are exposed.
The mathematical modelling and statistical techniques within our unique tool allow the organisation to determine the consequence and frequency for hazardous events. This is combined with low frequency high impact catastrophic risks to generate a mathematical fatality risk value. Behavioural and conditional precursors are used to further show where mitigating actions can significantly reduce the risk to the public and exposed staff to hazardous events.