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The Business Case for Process Safety

Over its 27-year history, the Center for Chemical Process Safety (CCPS) has observed that the first step toward implementing a strong process-safety-management program is obtaining top-management commitment. The CCPS has learned that communicating the business case for process safety is an important part of the process of obtaining this commitment. Using a fictional incident as a case-study example, this paper will illustrate that process safety can have financial, as well as ethical and professional, benefits.

Introduction

The CCPS has identified four dimensions in which process safety can influence the value of the business:

  • Corporate responsibility
  • Business flexibility
  • Risk reduction
  • Sustained value

These dimensions affect financials in both quantitative and qualitative ways, addressing both cost savings and revenue enhancement. Table 1 illustrates the alignment of these four dimensions.

This article, written by JPT Technology Editor Chris Carpenter, contains highlights of paper SPE 157592, “The Business Case for Process Safety,” by Scott Berger, Center for Chemical Process Safety, prepared for the 2012 SPE/APPEA International Conference on Health, Safety, and Environment in Oil and Gas Exploration and Production, Perth, Australia, 11–13 September. The paper has not been peer reviewed.
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The Business Case for Process Safety

01 December 2013

Volume: 65 | Issue: 12

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