Effectively Manage Key Performance Indicators Using Process Safety Enterprise®

Process Safety Enterprise^® (PSE), a cloud-based platform, helps manage Key Performance Indicators (KPIs), ensuring compliance with OSHA's PSM standard. This white paper details the key KPI features within PSE, including:

• The importance of Key Performance Indicators (KPIs)
• KPI options and features within PSE
• Dashboards to review KPIs and address issues

Introduction

Creating, reviewing, and managing KPIs is vital to continuously improving a site's Process Safety Management (PSM) program based on the Occupational Health and Safety Administration (OSHA) PSM 29 CFR 1910.119 standard.

Businesses often encounter challenges in improving their PSM program, as it involves the intricacies of developing and maintaining KPIs for each element. The process includes identifying what KPIs need to be tracked, creating the graphics, updating them, and reacting to issues—all of which demand considerable time and resources. Omitting the creation and use of KPIs can lead to unresolved PSM issues that might risk the safety of employees, plant assets, the community, and the environment. Moreover, an accident could lead to production interruptions.

An effective PSM program should include identifying the key KPIs for each PSM element. A system that automatically updates the KPIs, creates dashboards, and allows drill-downs into the data can save time and resources. Those resources can then be used to investigate the KPI issues and improve the PSM program. This PSE feature can help companies comply with the PSM requirements of the 29 CFR 1910.119 standard.

For businesses serious about implementing a comprehensive PSM compliance system, ioMosaic offers Process Safety Enterprise^® (PSE) (Figure 1). PSE is a cloud-based platform enabling easy ongoing management of process safety data, helping businesses achieve compliance, manage risk, and remain competitive. Unlike any other system available in the market today, PSE is a centralized web-based application that integrates all PSM elements and workflows, making it THE ultimate solution for managing PSM effectively. This white paper delves into the key features of the KPI functionality and how it benefits companies seeking to improve and elevate their systems to manage the hazards within their covered processes.

To help you better understand the requirements of the PSM standard, we recommend a PSM Essentials eLearning course like the one offered by Process Safety Learning^®.