There are many factors to consider when analysing why some alarm improvement projects fail. For instance, some companies underestimate the time and people needed in order to have a successful project. What actions can you take in order to ensure success?
It is easy to understand that the consequence of not responding to a critical alarm may be incidents, accidents and potentially enormous costs. However, it is not that straight forward to understand that there is a cost associated with any alarm. How can we quantify that cost?