Compliance stands for meeting legislative HSE requirements, as opposed to revenue goals

Risk management is increasingly being promoted by modern legislation. HSE risk management provisions are mandatory during all life stages, from plant design to plant disposal.

SafeWork Australia has issued excellent guidelines about indicators of reasonably practical risk controls (refer hereopen_in_new): 
trending_up Furthermore, a mandatory Safety Management System (SMS) must include a set of performance indicators needed to achieve a demonstration of compliance.

We have created this fatality risk plot using HIPAP4open_in_new:

graph of societal risk exposures

This graph shows the approximate domestic fatality risks in terms of annual fatality expectancy. Reviewing plant safety risks by comparison with the domestic ones can assist in setting clear compliance goals, easily understood by workers.

Our Value Proposition:

We will help you setting relevant safety exposure limits in application to sudden failures of pressure equipment.

We will also provide recommendations to assure that your plant is actually meeting these safety limits via relevant risk controls.

This will be done using quantitative assessments of failure probability, so that your equipment will be unambigously compliant.

Please feel free to message us mail_outline to learn more about our Innovation portfolio and possibly receive Free Trials of our solutions.