Process Safety Management
Process Safety Management is the use of analytical tools to identify hazards, determine the level of risk and decide on appropriate prevention or protection solutions. It includes the identification of a suitable Basis of Safety to prevent or mitigate process safety hazards and is a prerequisite for safe operation of a facility.
There are several techniques for conducting PSM studies and the most appropriate study may be used depending on expert judgement, experience and skills. The most common approach involves identification of the hazard, determination of the level of risk and implementation of the necessary safeguards that form the Basis of Safety.