The Challenges Achieving Compliance to RAGAGEP in Process Safety Management Enforcement and the Impact of Non-Compliance to Budget and Schedule

Abstract

Every 5 to 8 years’ large waves of capital spending occur known as MEGA Projects. These projects are effectively 1 or more Billion US dollars in Total Installed costs (TIC). When these projects are part of a global race to fill a void in the current marketplace, a serious race to be first to market or otherwise known as “Prime Mover” becomes the main driver and rapid deployment of resources. The reward for being the first to market is a higher (shorter) ROI (return on investment) cycle than other competitors and the ability to capture more customers than other competitors. This paper will explore the challenges of being first to market and how that can affect meeting PHA/LOPA and ultimately achieving required SIL Targets and the impacts to costs and schedule.