1 measuring profitable safety session name: real-time risk exposure in process safety session id #:...
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Measuring Profitable Safety
Session Name: Real-time Risk Exposure in Process SafetySession ID #: PBTR112
Patrick Fisher, EITACM Facility Safety
11/09/11
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We are gamblers.
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X X=
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Risk Exposure
Risk Exposure Factor
Safeguard Return on Investment
Safeguard Usage Factor
Detect
Decide
Solutions?
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Data from the HAZOP
Can be used in real time
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Total Risk ExposureThe “Heartbeat”
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Risk Exposure FactorThe “Blood Pressure”
Organization Goal
Organization Average
After HAZOPAfter LOPA
Industry Average
After Recommendations
Before Analysis
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Safety ROIThe “Personal Trainer”
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$$$Safeguard Usage Factor
The “Nutritionist”
=
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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…
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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:
0.450.55
Industry Average: 0.60
Organization Goal
Organization Average
After HAZOP
After LOPA
Industry Average
After Recommendations
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