Logic Engineering

Logic Engineering covers all aspects of Probabilistic Operational Risk Assessment from Process Mapping, Risk Identification and Quantification and Risk Mitigation through to Post Loss Event Analysis. Logic Engineering delivers significant results through the use of ALARP (As Low As Reasonably Practicable concept) and Real Options Analysis. Our service is based on tried and tested methods used in mission critical industries over the past 30 years and is used to provide Risk Assessments within the power generation, transportation and oil & gas industries where success is measured in lives saved rather than costs.

• ALARP - As Low As Reasonably Practicable. A concept for assessing necessary risk control measures taking into account the practicalities and costs of the task in hand.

• Real Options - If we begin down the path from point A what options will open for us and what will we gain by having those options?

• Investment Governance - Ungoverned investment in internal processes and their associated supporting functions lead to financial haemorrhage.

• Probabilistic Risk Assessment - A systematic approach for transforming failures into risk profiles and providing the resultant probabilities for each risk.