Risk-Based Design: A Cost-Effective Route to Enhanced Process Safety

Making decisions about risks intrinsic to process safety design. Traditionally, to create a core design for a new process, engineers examine how the system could break down, determine the impact of system failures, and estimate their likelihood. Evaluating these issues produces a continuous stream of risk-related design decisions. All too often, however, these decisions have been based on perceptions, not measurements, of risk.

The result can be an unsystematic and incomplete design process, leading to inadequate, overly costly, or incompatible risk-reduction solutions. Moreover, when the process for determining the design basis lacks consistency, it is difficult to know whether the same risk-management philosophy supports all of a company's risk decisions.

Read this publication for nine steps to cost-effective risk-based design, integrating safety where it belongs: at each stage of the design cycle. This is ioMosaic's systematic approach to integrating risk and safety thinking into process safety design.

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