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What is Process Safety Management (PSM)?

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What is Process Safety Management (PSM)?

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PSM is a part of safety management, which is concerned with major hazards impacting safety, environmental damage and business loss. Oil & Gas businesses are significant users of PSM methods, particularly where there are hazardous processes or large inventories of flammable or toxic materials. Regulators expect the operators of high hazard plants to implement measures to ensure that their plants are operated and maintained in a safe manner. PSM techniques are numerous – from process screening and concept selection, through hazard identification, consequence evaluation, risk assessment, ALARP study, pre start-up action response auditing, to inspection and auditing during operation. What are the key benefits? The major aim of PSM is to develop plant, systems, and procedures to prevent unwanted releases, which may ignite and cause toxic impacts, local fires, or explosions in plant or nearby premises. In addition, PSM can also address issues related to the Operability, Productivity, Stabili

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