Measuring your plant's risk exposure and keeping it operating in the 'safe range' is made easy by using techniques such as contingency planning and utilizing ACM's SafeGuard software designed as a user-friendly decision tool for process operators.
Risk analysis uses probability and statistics to determine how safely an industrial process will perform. In other words, risk analysis discovers existing probable risk in a process, and how many risk reduction safeguards are required.
A Safety Instrumented Function (SIF) may be typically required to shut-off electrical equipment such as pump, compressor motors, etc., to protect or avoid unwanted dangerous events and reduce a specific risk to an acceptable level.
In response to major process industry disasters, regulatory agencies are increasing their demands of industry to provide forward looking indicators for process safety. To respond to these pressures, industry needs clearly defined qualitative process safety indicators which are predictive and are not based on analysis of past hazardous events.