We know from experience that within the Oil, Gas and Petrochemical (OGP) business, control and safety systems play a vital part of the safe and effective operation of a plant. Over the years, this has resulted in a situation close to monopoly for the sourcing of hardware and support services for supporting these vital and complex systems. However, there are alternative sourcing for the control and safety systems.
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?