Risk Assessment - Expanding Horizons for the PSM Environment

Hazard identification and risk assessment continue to be a critical part of the process safety efforts in process plants. Quantitative risk analysis plays an important role which carries with it a need for better reliability data. Papers highlighting methods, tools and examples of lessons learned from the successful application (or from the misapplication) of the wide range of techniques used for qualitative, semi-quantitative, quantitative, and financial analysis of risks in a plant environment are desired. Examples of efforts to provide better reliability or failure rate data for processes, systems, equipment, and components are also encouraged. This may include the data sources (internal or external), quality of the data and verification, and implementation.