Leverage Asset Performance Management Solutions to Minimize Safety Risks

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ARC Report Abstract

What do plant safety and asset performance management (APM) have in common? As attendees learned in the well-attended "Minimizing Safety Risks with Asset Performance Management" session at ARC Advisory Group's recent Industry Forum in Orlando, Florida, the two fit together "like a hand in a glove." Attendees learned how the proactive view of risks provided by many APM solutions enable industrial organizations to implement an effective, enterprise-wide risk assessment and process hazards analysis program. Ensuring the reliability of the communication network provides the foundation for improving asset performance and ensuring safety in remote locations such as offshore platforms.

Based on the session presentations, ARC recommends the following actions for owner-operators and other technology users:

  • A reliable communication network is a necessity in both offshore and onshore installations.
  • Organizations should leverage the power of APM solutions to design for reliability.
  • Safety system data integration remains a challenge; creating an impediment to system reproducibility.

 

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Keywords: Asset Performance Management (APM), Industrial Internet of Things (IIoT), Reliability, Safety Instrumented Systems (SIS), ARC Advisory Group.

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