Fire Risk Assessment. An assessment conducted on an industrial or non-industrial facility to identify potential hazards that may cause fires and evaluate the associated risks in order to determine whether, considering the installed protection systems, an acceptable residual risk exists or, alternatively, to identify existing gaps. The FRA assessment is performed by competent personnel and may be governed by NFPA 551 “Guide for the Evaluation of Fire Risk Assessment” or a similar standard.

The assessment is carried out at the facility in question. During the development of the FRA, hazards, situations that may cause fires, and the people who may be affected are identified; protection systems, emergency plans, and fire response plans are reviewed; it is determined whether the residual risk level is acceptable; and requirements are identified to reduce the probability of a fire occurring and, if a fire does occur, to reduce its impact.

Hazard identification and risk assessment are carried out using qualitative, semi-quantitative, quantitative techniques, and the use of consequence models.