What is a benefit of using LOPA in risk management?

Using Layer of Protection Analysis (LOPA) in risk management provides a structured approach to evaluating risks associated with processes and identifying the necessary safeguards. Specifically, this method is highly effective at prioritizing risks based on their likelihood and impact, enabling organizations to allocate resources efficiently and focus on the most critical risks.

By quantifying the likelihood of potential hazardous events and evaluating their possible consequences, LOPA assists in determining the adequacy of existing layers of protection (such as alarms, safety interlocks, and barriers). This prioritization is essential for decision-makers, as it guides them in implementing the most effective risk reduction measures.

In contrast, other options may not accurately reflect the role of LOPA in risk management. While safety inspections and compliance with regulations are definitely important, LOPA does not eliminate these processes nor does it guarantee compliance in isolation; it focuses on risk evaluation and the identification of layers of protection. Similarly, simplifying the business model is not a direct outcome of LOPA; rather, LOPA's primary goal is to enhance risk understanding and management within the existing operational framework.