Process Safety Management (PSM), though not a relatively new concept, has been implemented by many organizations to eliminate incidents like tragic Bhopal catastrophe; however, even after more than 25 years has been passed; still we are encountering disasters which occurred in different parts of the world. The BP Texas City incident and consequent Baker Panel Report have made it explicitly clear that PSM had to be established and administered as a distinct management system having its own management tools. Though every organization has its own metrics to manage Process Safety Management, however, the importance lies exactly whether those metrics (performance indicators) are rightly chosen or not. This paper presents holistic review of various process safety metrics suggested and developed by well-known international bodies.

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