Process hazard analysis (PHA) is important tool to identify the hazard and analyze the risk of a scenario. The risk is a function of the severity and frequency of occurring a loss event. Scenarios with high severity have the possibility to cause severe damage to people, environment and property.
However, somecompanies have missed these scenarios because after applyingmitigative safeguards, they have reduced the severity. Thus, these companies have lost the opportunity to draw plan to manage scenarios with high consequences, even if they are scenarios with a low frequency of occurrence. This paper aims to discuss how PHA practitioners should proceed when setting mitigative safeguards. Additionally, it proposes some actions to strengthen the process safety after identifying scenarios with high consequences. Keep reading…