Page 39 - RISK Management IC86 Ebook
P. 39
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Salient features of the fault tree method are the following:
l A Top Down Analysis that starts with the Effect and Evaluates
All the Potential Causes (Faults ) of that Event
l Creates a Logical "Tree" of Events
l Lowest "Root" is the root cause or Transfer
Event Analysis
l Event analysis is a technique for considering likely events
which could cause losses and then investigating causes and
effects.
Hazard Indices
l This technique attempts to express the degree of hazard by
using a number. It is a step by step objective evaluation of
the realistic fire & explosion potential. The index does not
identify individual risks but helps in quantifying the level of
exposure.
Input-output Analysis
l Input-output analysis is a technique developed by economists
for tracing the flow of goods and services through an economy
and can equally be used for identifying:
a) the contribution which different sections/sub-sections of
an organization make to total earnings and
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