This Paper proposes a new methodology for assessing the reliability of an accident management, which Is based on the reliability physics and the scheme to generate dynamic event tree. The methodology consists of 3 main steps: screening; uncertainty propagation; and probability estimation. Sensitivity analysis is used for screening the variables of significance. Latin Hypercube sampling technique and MAAP code are used for uncertainty propagation, and the dynamic event tree generation method is used for the estimation of non-success probability of implementing an accident management strategy. This approach is applied in assessing the non-success probability of implementing a cavity flooding strategy, which is to supply water into the reactor cavity using emergency fire systems during the sequence of station blackout at the reference plant.