1 Measuring Profitable Safety Session Name: Real-time Risk Exposure in Process Safety Session ID #: PBTR112 Patrick Fisher, EIT ACM Facility Safety 11/09/11

2 We are gamblers.

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7 Risk Exposure Risk Exposure Factor Safeguard Return on Investment Safeguard Usage Factor Detect Decide Solutions?

8 Data from the HAZOP Can be used in real time

9 Total Risk Exposure The Heartbeat

10 Risk Exposure Factor The Blood Pressure Organization Goal Organization Average After HAZOP After LOPA Industry Average After Recommendations Before Analysis

11 Safety ROI The Personal Trainer

12 $ $ $ Safeguard Usage Factor The Nutritionist =

13 Profitable Safety Analysis Minimum Risk Exposure Factor: (all safeguards functioning correctly) 0.48 Current Risk Exposure Factor:0.52 History Organization Goal Organization Average Current REF Minimum REF Industry Average Return on Investment…

14 Profitable Safety Analysis Risk Exposure Factor after HAZOP:0.57 Risk Exposure Factor after LOPA (before Recommendations): 0.51 Number of Recommended Safeguards:7 Total Cost of All Recommended Safeguards:$1.10 million Risk Exposure Factor after Recommendations:0.43 Predicted Return on Investment (first year):1450% Organization Goal: Organization Average: Industry Average:0.60 Organization Goal Organization Average After HAZOP After LOPA Industry Average After Recommendations

15 It turns out that most injuries and fatalities are a result of personal safety hazards rather than process hazards and, as a result, injury and fatality statistics tend to reflect how well an organisation is managing personal safety hazards rather than process safety hazards. Any organisation that seeks to assess how well it is managing process safety hazards cannot therefore rely on injury and fatality data; it must develop indicators that relate specifically to process hazards. Thinking About Process Safety Indicators - Andrew Hopkins

16 Traditionally, risk systems have not been seen as first-line mission-critical and hence have typically not received the level of attention and investment that is needed for optimal control. Usually they are based on dated technology that is not capable of delivering the consolidated real- time information and controls that are so important... Real-time Risk Monitoring – Sybase publication