Making Use of Leading and Lagging Indicators – Are You Using These for Functional Safety? | exida

exida Recorded Webinars

Making Use of Leading and Lagging Indicators

Recording Date: March 2018

The IEC61511/ISA-84 Process Industry Sector Standard is predicated upon a performance-based Safety Lifecycle (SLC) to help reduce risk and to provide a foundation for the development, operation and maintenance of Safety Instrumented Systems (SIS). The SLC is composed of three phases: Analysis, Design/Implementation (Realization) and Operation and Maintenance. As a performance-based standard, End Users are required to develop Key Performance Indicators (KPIs) to facilitate performance monitoring. The basis of this is to ensure that the performance targets defined within the Safety Requirements Specification (SRS) for the SIS can be met and sustained throughout the life of the SIS.

This webinar outlines how KPIs based upon Leading and Lagging Indicators can help in maintaining performance and to help prevent potential future incidents from occurring. Accidents, such as the Texas City Isomerization Unit explosion in 2005, highlighted the need for such indicators and was a key recommendation in the Chemical Safety Board’s final, published, report on the accident.

By adopting Leading and Lagging Indicators, End Users can properly track performance and avoid potential hazardous situations by implementing proactive preventative measures.

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About the Presenter:

Steve Gandy, CFSP

Steve Gandy Steve Gandy joined exida as VP of Global Business Development, from Metso, bringing with him 35 years of experience of industrial controls and safety experience. He was responsible for sales and operations in Asia for Metso, setting up their India subsidiary and China energy and process team. Steve was also responsible for managing Metso’s VAR partners in the region, as well as developing new markets in Vietnam, Egypt, Indonesia, Ukraine and Guam.