Process Safety Management Practice Exam

In the context of Process Safety Management (PSM), "Risk Management" specifically refers to the identification and mitigation of risks associated with hazardous processing activities. This involves systematically analyzing potential hazards that can arise during operations, such as chemical releases, equipment failures, or human errors. By identifying these risks, organizations can implement appropriate strategies to manage and reduce them, ensuring the safety of personnel, facilities, and the surrounding environment.

Effective risk management in PSM also includes developing and enforcing safety measures, conducting regular assessments and audits, and continually improving safety protocols. This proactive approach not only helps in preventing accidents but also fosters a culture of safety within the organization.