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What are process safety risks?

The product of the Hazard likelihood of occurrence and its associated magnitude of the severity.
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The objective of process safety management is to ensure that potential hazards are identified and mitigation measures are in place to prevent unwanted releases of energy or hazardous chemicals into locations that could expose workers to serious injuries or fatalities.
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“Process safety deals with large scale and catastrophic workplace risks with major consequences, including fatalities, injuries, property damage, lost production or environmental damage. It looks into the events that have potential to release hazardous materials and energy. Process safety is important to prevent catastrophic events and help reduce the occurence of a major accident.”
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PSM addresses the safety measures required to prevent accidental release of hazardous material from its containment such as vessel, piping and tank. PSM is a structured and proactive risk based approach which uses implementation techniques to manage process safety risks.
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Process safety is a disciplined framework for managing the integrity of operating systems and processes that handle hazardous substances by relying on good design principles, engineering and operating and maintenance practices.
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