Tag Archives: Corporate Risk Associates

Corporate Risk Associates awarded £70,000 R&D grant for nuclear power plant research

A human factors, safety and risk consultancy that provides services to safety critical industries has been awarded an R&D grant worth almost £70,000 which will see the company make a significant contribution towards improving the safety and operations of civil nuclear power plants.

Thanks to the grant plus some internal funding, UK-based Corporate Risk Associates (CRA) will now be conducting a comprehensive research project designed to significantly enhance the industry’s understanding of potential system failures in nuclear power plants, aiding both plant safety and the uninterrupted supply of electricity.

The grant has been awarded by Innovate UK, the UK’s innovation agency which works with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy. The research will be completed throughout the course of this year.

Speaking about the grant, Jasbir Sidhu (CEO and founder of CRA) said: “We’re delighted to have been awarded this grant which will see CRA develop a process to generate realistic reliability estimates of SMART Control and Instrumentation (SC&I) in order to increase the safety levels within nuclear power plants.”

SC&I are intelligent control devices that employ programmable electronic components to collect and process data to enhance performance.

According to Singh, the industry uses assessments of the reliability of engineered systems to understand safety margins. The reliability of SC&I technology is difficult to substantiate due to the inclusion of software, and this leads to an assumption that it performs much worse than is indicated by operational experience.

innovateuk

Safety Integrity Levels

“Current methods adopted in the industry involve using high confidence values based on Safety Integrity Levels (SILs), as stipulated in standards such as IEC 61508/IEC 61513,” added Singh. “We firmly believe this current method doesn’t give a good indication of the ‘true’ reliability, as SIL figures are considered to be highly conservative. As such, we’re extremely passionate about this project and developing a process that can ensure future decisions are based on realistic reliability estimates.”

Singh went on to state: “It’s great that we’ve received this grant from Innovate UK in recognition of the significant impact this project will have on the nuclear, process, transportation and other high hazard industries where safety is, of course, of paramount importance. Looking ahead, this research will have a major impact on the understanding of risks from emerging and growing fields, such as Data Centres.”

The project will be led by experts at CRA, including the company’s principal consultant Ashraf El-Shanawany and consultants Francesca Brandford-Adams and Garth Rowlands, who’ll be researching the approach of Structured Expert Judgement.

Established in 2000, CRA boasts a team of 40 technical consultants. The company prides itself on managing safety, reliability and risk across the nuclear, rail, defence and process industries, where delivering a robust risk analysis is part of the licensing processes.

The company has recently been awarded work with major organisations, including the Office of Nuclear Regulation, EDF Energy and Babcock International.

Advertisements

Leave a comment

Filed under Risk UK News, Uncategorized

Corporate Risk Associates announces speaker line-up for annual Risk Forum

Now preparing to host its seventh annual Risk Forum, Corporate Risk Associates (CRA) has announced a host of highly esteemed speakers for the event including a wealth of well-known industry figures. 

Due to be held on Wednesday 5 and Thursday 6 October at the Stratford Manor Hotel in Stratford upon Avon, the event provides an excellent opportunity for professionals, academics and peers from across the security profession to learn about the latest advances in mission critical industries.

The event, which runs under the banner ‘To Automate or Not to Automate’, will feature 14 speakers who have all had first-hand experience in mission critical industries, with many working on the risk management of major projects. They will share their expertise and wealth of knowledge with attendees as they contribute towards the development of risk analysis and human factors.

Speakers include Bryan Coxson from EDF Energy, who will be presenting a Case Study focusing on specific features of the Sizewell B design having worked in the design team since 1986, as well as Elaine Vinton and Richard Screeton from the Office of Nuclear Regulation. They’ll be discussing the use of advanced Control Rooms and automation from the UK nuclear perspective.

crariskforum2016

Speaking about the line-up of speakers, Jasbir Sidhu (CEO and founder of CRA) said: “We have a fantastic host of speakers at this year’s event who will all be presenting their own dynamic and thought-provoking views on the use of automation in safety critical industries. It’s a very poignant topic in the sector. It’s great to see that we have attracted such a high calibre of leading professionals and academics to speak at this year’s Risk Forum. As we run into our seventh year, we believe this is very much down to CRA providing a valued voice for the industry through hosting events such as this and promoting open discussion. We have successfully created an excellent platform for experts to share Best Practice and transfer valuable and insightful knowledge as we pursue our goal to make the risk management sector the best it can possibly be.”

The two-day event will focus around whether the reduction of human input, with the introduction of increasingly complex automated systems, will be either a friend or foe to the industry.

Anticipated to attract at least 100 attendees from all over the globe, the event’s popularity has grown year on year, with people travelling from as far afield as the West Coast of the USA and New Mexico to engage with leaders in the industry.

Other speakers include Karl Fleming (president of KNF Consulting Services), Andrew Buchan (head of analysis and assessment, security and resilience at Sellafield) and Jeton Partini from CGM in Sweden.

Established in 2000, CRA specialises in managing safety, reliability and risk across the nuclear, transportation, defence and finance sectors. With offices in London, Warrington and other locations, the company has recently been shortlisted as Risk Management Team of the Year at this year’s CIR Risk Management Awards.

Leave a comment

Filed under Risk UK News, Uncategorized

Dates announced for next Corporate Risk Associates Risk Forum

One of the UK’s leading independent risk management consultancies is inviting risk safety professionals, academics and peers in the industry to its highly acclaimed annual Risk Forum. Corporate Risk Associates (CRA) will be hosting its seventh annual conference entitled ‘To Automate or Not to Automate’ on 5-6 October at the Stratford Manor Hotel in Stratford Upon Avon.

Chaired by Jasbir Sidhu, CEO and founder of CRA, the two-day event will focus on the increasing prevalence of the use of automation in safety critical industries. The company wants to energise interest around whether the reduction of human input with the introduction of increasingly complex automated systems will be either ‘friend or foe’.

With high profile professionals and leading academics due to attend, the event promises to deliver in-depth content that will be both stretching and stimulating. The speakers will also be available for further discussions during the event.

CRAJasbirSidhu

Jasbir Sidhu: CEO and founder of Corporate Risk Associates

Sidhu very much believes that the risk management profession should have a strong voice. He said: “The CRA Risk Forum has evolved year on year as we react to what people in the industry are telling us they would like to know more about. We’re delighted to have provided this platform which creates an opportunity for experts to share Best Practice, while also transferring valuable and insightful knowledge as we all endeavour to be the best we can possibly be in our chosen profession.”

Sidhu added: “We’ve selected extremely high calibre speakers that we know will deliver expert advice in what is such a complex area. It’s going to be extremely interesting to see what the general consensus will be on automation after all of the speakers have delivered their insights with feedback shared in our open discussions.”

No less than 110 delegates attended last year’s event, with people travelling from as far afield as the West Coast of the USA and New Mexico to engage with leaders in the industry.

Sidhu continued: “We’ve always been greatly impressed by the turnout of each event we have hosted. We now run into our seventh year and, with a fantastic programme planned for the two days, we anticipate that this will be our most successful CRA Risk Forum to date both in terms of attendance and knowledge sharing.”

Established 16 years ago, CRA specialises in managing safety, reliability and risk across the nuclear, oil and gas, transportation and defence industries. The business was recently awarded the industry accolade of Risk Management Specialist of the Year by industry body Continuity Insurance and Risk (CIR). CRA is also proud to have been awarded the Institute of Physics’ Best Practice in Professional Development Award.

Leave a comment

Filed under Risk UK News, Uncategorized

Corporate Risk Associates celebrates 15 years of tech support to UK’s fleet of generating nuclear power plants

Risk management company Corporate Risk Associates (CRA) is proud to be celebrating 15 years of technical support to the UK’s fleet of generating nuclear power plants (NPPs).

CRA has been providing probabilistic safety analysis (PSA), human factors assessment (HFA) and more general safety case support to the Magnox NPP Wylfa, all seven of the UK’s advanced gas-cooled reactors (AGR) and the single pressurised water reactor (PWR) at Sizewell B for the last 15 years.

CRA is now delighted to extend provision of support to the Nuclear New Build Generation Company (NNB GenCo) for the new NPP being built at Hinkley Point C.

On average, CRA carries out out around 20 projects a year across the existing EDF Energy NPPs, which involves annually maintaining and updating the PSA models to take account of operational experience feedback, reflect changes to the plant and safety case as well as helping to ensure that the integrated PSA/HFA models meet international Best Practice.

In addition to this, the company also carries out R&D projects on topics including new and novel PSA models and methods, the modelling of digital control and instrumentation, common cause failure and seismic PSA. CRA also develops and provides training courses to safety engineers working for nuclear utilities on the topics of PSA and HFA.

CRASizewellB

Expertise and support

Commenting on the partnership, Hugh Stephenson (principal consultant at CRA) said: “CRA has provided expertise and support to the eight EDF Energy NPPs since the development of the models to support the First Periodic Safety Review. We’re now regarded as the specialists in this niche area within the industry. That’s why the relationship continues in as much strength as it does. We’re well known for having unrivalled expert knowledge of each of the PSA models.”

With plans now in place for new nuclear plants to be built on the site of Hinkley Point C, along with a whole host of new challenges surrounding plant life extension of the existing AGR fleet, CRA feels that its 15 years of expertise in this area has stood it in good stead to continue to provide its expertise and support.

“Our specialist experience and knowledge of UK context and regulatory requirements has meant that we are very well placed to provide support to both UK and foreign companies involved in new nuclear build in the UK, while also continuing to support plant life extension of the UK AGRs which is vital to bridge the energy gap in the UK,” continued Stephenson. “We’re currently providing extensive support in the area of PSA and safety case development for the HPC project. CRA has also just signed a new five-year framework agreement with EDF Energy Generation that will ensure continued provision of specialist support to the existing nuclear fleet well into 2020.”

CRA specialises in providing safety, risk and reliability consultancy services to safety-critical industries including nuclear, power, transportation and defence. The company has five offices across the UK based in Surrey, Gloucester, London, Warrington and Newcastle.

Leave a comment

Filed under Risk UK News, Uncategorized

Sixth annual Risk Forum hailed “huge success” by organiser Corporate Risk Associates

The sixth annual Risk Forum, hosted by independent risk management company Corporate Risk Associates (CRA), has been hailed a huge success with over 110 attendees.

Entitled ‘Risk Analysis in an Uncertain World’, this year’s event was the largest of its type bringing together professionals in safety-critical industries to share Best Practice, knowledge, innovations and expertise on topical issues.

Held at the Ardencote Manor Hotel in Warwick, speakers and delegates at the event travelled far and wide to attend with some coming from as far as the West Coast of the USA and one delegate from New Mexico.

The packed programme included presentations covering a range of ‘Human Factors’ and ‘Safety Analysis’ disciplines delivered by some of the most professionally accomplished speakers in the industry, among them Fred Torri (Risk Management Associates), Ola Bäckström (Lloyds Register Consulting), Karl Fleming (KNF Consulting Services) and Dr Claire Taylor (Institute for Energy Technology).

Jas Sidhu (CEO of Corporate Risk Associates) at the 2015 Risk Forum

Jas Sidhu (CEO of Corporate Risk Associates) at the 2015 Risk Forum

Jas Sidhu, CEO of CRA and chairman of the event, told Risk UK: “The day was a huge success and we received some great feedback, particularly on the quality of the speakers. Some younger delegates commented that they felt overwhelmed to be in the same room as some of their industry icons such as Fred Torri and Karl Fleming. This was great to hear as it really demonstrates the quality of event we are hosting and the opportunities it provides for people to hear first-hand from industry leaders.”

The ever-successful event has grown in stature, quality and popularity year-on-year.

Joint venture with Synergy Consultants

CRA recently announced a joint venture with the hugely successful Synergy Consultants to provide a full integrated Safety Case, Risk Analysis and Human Factors offering.

Les Ainsworth, managing director of Synergy, gave a small presentation alongside Jas Sidhu to introduce the co-operation arrangement to attendees. This was met with great enthusiasm.

CRA is a safety, risk and reliability consultancy providing bespoke services to safety-critical industries including nuclear, oil and gas, process, power, renewables and defence. The company was recently awarded the title of Risk Management Specialist Company of the Year in the prestigious CIR Awards.

Other speakers at the Risk Forum included Andy Buchan (Sellafield), Alec Bounds (EC Harris ARCADIS), Jonathan Sherwood (PHE), Professor Tim Kelly (University of York), Mike Zammett and Ruairi Kennedy (CRA), Professor Simon Wilson (Trinity College Dublin) and Chris Harrison (Rail Safety and Standards Board).

Leave a comment

Filed under Risk UK News