PRA Update Cost Overruns
Definition
PSAs require development and maintenance of baseline models, external hazard PSAs, and reliability models for compliance, leading to high costs in engineering resources[2].
Key Findings
- Financial Impact: AUD 200K-500K per station PSA update (team of experts, 30+ years experience indicates scale)[2]
- Frequency: Annual or per modification
- Root Cause: Complex specialty analyses like HRA and CCF without automated tools[2]
Why This Matters
The Pitch: Nuclear operators in Australia 🇦🇺 face AUD 500K+ per station in PRA update overruns. Automation of risk modeling eliminates this.
Affected Stakeholders
Risk Analysts, Nuclear Engineers, Regulators
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Idle Equipment from CAP Delays
ARPANSA CAP Non-Compliance Fines
CAP Rework Costs from Ineffective Management
Decommissioning Cost Overruns
Poor Decommissioning Liability Accounting
Emergency Response Drill Costs
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