Software Benchmark: Process Safety Management

Executive Summary

Whilst some firms invest in software to cover a multitude of industrial risk management usage scenarios, other buyers are primarily interested in digitizing their approach to process safety management (PSM). To help buyers with a PSM focus, this software benchmark provides a detailed analysis of functionality used to meet process safety management objectives as defined by OSHA and other regulatory agencies. The analysis covers capabilities available from 17 software vendors for compliance audits, emergency response, incident management, management of change, mechanical integrity, pre-start-up safety reviews and process hazard analysis. The report finds that three environment, health and safety software vendors - Enablon, Sphera and Cority - have the broadest and deepest PSM functionality. To put in place comprehensive, digitized industrial risk management frameworks, buyers should involve safety and operations in PSM software purchase decisions and develop an information architecture which includes asset reliability and barrier management.