This Presentation Will Discuss Current Industry Practices for PSM It, Along with a Recommended Path Forward to Achieve Top Quartile Performance.

Companies continue to struggle to address their process safety management performance. An April 2020 report by Pilco & Associates shows that incidents have been trending upward nearly 50% since 2016. In addition, the COVID-19 pandemic has made it challenging for companies to conduct routine inspections, PHAs and audits. This presentation will discuss current industry practices for PSM IT, along with functional requirements and a recommended path forward to achieve top quartile performance while minimizing operational risk. We will also share market research conducted by OS into current PSM data management practices and the challenges organizations report around this important topic.