White Paper by Honeywell highlights that there are significant hidden costs in most of the current practices for validating, verifying and documenting that Safety Instrumented Systems and control systems as installed are functioning as designed. One key reason is that until now, there has been no automated mechanisms to support this critical activity. There are no standard ways in the industry to achieve this validation, verification and documentation.
The hidden costs come from the effort to validate, verify and document using manual processes and disconnected information sources. Even more significant are the opportunity costs from longer planned and more frequent unplanned shutdowns that reduce the total revenue opportunity.
In this whitepaper, we outline here the principles and approaches of a new capability to perform this function in an automated way. This results in structured information and shared knowledge, provable safety state and benefits from lower costs and higher revenue opportunity.Nike Products