Different LOPA methodologies have been used: some are based on simple frequency-consequences matrices, others are based on risk targets; some follow the order of magnitude approach, others follow a simplified quantitative risk assessment (QRA) approach.
LOPA is not supposed to be a fancy HAZOP, nor a simplified QRA. This paper clarifies and explains some often misunderstood LOPA concepts. The paper also presents a generic case study that compares the order of magnitude approach with the risk-based approach and identifies advantages and disadvantages of each LOPA approach.