Probabilistic Safety Assessment(PSA) is an engineering analysis of the possible contributors to the risk from a nuclear power plant. It consist of three phases named as Level 1, 2 and 3. Level 1 PSA mainly focused in this paper is the phase of system analysis which includes the development of accident scenarios and the frequency estimation of each scenario. It covers also the system reliability analysis, component data analysis, and human reliability analysis. PSA have become a standard tool in safety evaluation of nuclear power plants. The main benefit of PSA is to provide insights into plant design, performance and environmental impacts, including the identification of dominant risk contributors and the comparison of options for reducing risk.