Process safety metrics are essential tools in evaluating and enhancing performance and value creation in industrial processes. Developing and employing the right leading and lagging key performance indicators (KPIs) provides useful information for evaluating performance, demonstrating value, and driving improvement. Furthermore, when information provided by the KPIs is acted upon, that action can contribute to a reduction in the risks of major hazards (e.g. by identifying the underlying causes and taking action to prevent recurrence). Identifying and using relevant process safety metrics is crucial for the Risk-Based Process Safety (RBPS) pillar. In fact, it aids in learning from experience. Metrics can be established for each element of RBPS or for the entire system. They address performance and efficiency issues across all operating phases.

By providing quantifiable measures, these metrics allow organizations to effectively assess the value created by safety protocols, identify potential opportunities and risks, and utilize organization-specific data and trends. As a result, this helps build robust, error-tolerant systems to prevent accidents or incidents that could harm personnel, the environment, or the public. Effective KPIs provide a consistent and updated overview of asset integrity and the insight needed on process safety management performance. Additionally, they offer warnings from near misses and less severe incidents. They play a critical role in risk identification and performance monitoring. They also support compliance with regulations, resource allocation, risk mitigation, and fostering a safety culture. Incorporating process safety metrics as part of a process safety management program enables continuous improvement by providing near-real-time monitoring and feedback on safety performance. This ensures that safety protocols remain effective and efficient over time.

With decades of process risk management expertise, AcuTech specializes in developing and enhancing process safety management programs. We bring real-world experience to the development of process safety metrics. Thanks to our consultants’ deep understanding of processes and regulatory requirements, we assess, develop, and implement customized process safety metric frameworks tailored to each organization’s unique needs. From conducting assessments and gap analyses to providing ongoing support and continuous improvement, AcuTech ensures that process safety metrics effectively monitor safety protocols. Ultimately, this helps mitigate risks and enhance overall safety performance. Our commitment to regulatory compliance and safety sets us apart. It makes us a trusted partner in enhancing safety performance.