December 2007

Safety

Adopting global functional safety standards

Potential operational savings justifies the initial investment

While significant amounts of time and money are expended every year to improve operational safety in production facilities, the reality is that fatalities, injuries and economic losses continue to occur. News stories and statistics for loss of life, property damage and government fines highlight the problem. As a result of continued accidents, some government agencies are increasing facility inspections. Businesses are keenly focused on the need to lower cost while increasing revenue and productivity. Adopting new standards is often seen as the "cost of doing business" and not related to the organization's core business. Leading companies realize that adopting global standards can yield si

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