Risk Graph

Definition:
A risk graph is a compressed H&RA and SIL selection approach rolled into one tool. A risk graph is a semi-quantitative risk assessment (SQRA) tool used to assess risks along with estimating the required SIL levels by mapping severity, frequency, and exposure factors. If an entity is doing a risk graph, they are often not doing a HAZOP and a LOPA. Although some facilities do both but more for screening checks. Bottom line, it can perform both the assessment part of an H&RA and SIL Selection portions of the Functional Safety Lifecycle.

Don’t confuse it with a Risk Matrix!

Risk graph used for SIL selection - IEC 61508-5 Figure E.1

How it fits: For an overview of how risk graph fits alongside the other hazard and risk analysis methods in an IEC 61511 H&RA, see Hazard and Risk Analysis Methods.

Key Points:

  • Simpler and faster than quantitative risk assessment (QRA).
  • Frequently used early in a project’s hazard assessments.
  • Often used in machinery safety and the EU Machinery Directive

Example:
High-consequence, high-frequency events map to a SIL 3 requirement using a Risk Graph.

See Also: H&RA, risk matrix, LOPA, SQRA

Cited Source:

Part Of: hazard and risk assessment and risk terms categories