The quick answer is yes, because it can help prevent accidents and loss in production. It ensures a maintained alarm system, which is more cost efficient than having larger alarm rationalisation projects at irregular intervals. For new projects and modifications, the alarm philosophy is the basis for the changes, so this should be in place in order to have an optimal alarm system.
There are a lot of different factors you would need to consider before starting an alarm project. Various factors will have an impact on the project cost. Therefore, it is interesting to estimate the actual cost of an alarm system improvement project.
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?