Difference Between Hazard and Risk in Safety
In workplace safety, the difference between hazard and risk is one of the most commonly misunderstood concepts.
Introduction
Every industrial process carries inherent risks- chemical releases, energy hazards, operational failures. Without discipline, these risks can escalate into catastrophic incidents. Process Safety Management (PSM) is not just a compliance requirement, it’s a structured system that integrates management principles, engineering, and operational discipline to safeguard people, assets, and the environment.
At CORE-EHS, we help industries implement, audit, and sustain PSM frameworks that prevent accidents, improve reliability, and build a safety-first culture.
What is Process Safety Management (PSM)?
PSM is a comprehensive approach to managing process hazards. It ensures that risks associated with hazardous chemicals, energy sources, and complex operations are identified, controlled, and continuously monitored.
Unlike traditional safety programs, PSM addresses risks across the full lifecycle, from project inception, development, and daily use to equipment decommissioning.
Engineering
Automobiles
Automotive & Mobility
Power
Iron & Steel
Cement Industry
Metal & Mining
Shipping & Marine
Construction & Infrastructure
Chemicals & Fertilizer
Pharmaceutical& Life Science
Food FMCG & Agriculture
Electrical & Electronics
Retails & Consumer Durable
Petrochemical, Oil, Gas & Refinery
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Yes. By preventing breakdowns and incidents, PSM reduces downtime and improves overall operational reliability.
Occupational safety protects workers from day-to-day risks, while PSM focuses on preventing catastrophic process failures.
Industries handling hazardous chemicals, energy-intensive processes, and complex operations, such as oil & gas, steel, chemicals, and power – need a PSM framework.
It reduces the frequency and severity of incidents like fires, explosions, and toxic releases, ensuring compliance and safe operations.
PSM is a structured approach that manages industrial process hazards to protect workers, equipment, and the environment.
Our proven frameworks ensure compliance, reliability, and long-term safety for your operations
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