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reduction simplicity of implementation effective resource utilization improved decision-making preventation of loss and harm resource utilization challenges of implementation monitoring and evaluation effective communication guidelines for implementation management system integrity operational learning managemenet of risk understanding hazards and risk audit precision audit efficiency digital tools proactive safety approach action plans data evaluation data collection technology in audits reporting and follow-up counducting audits audit preparation safety precautions industry risks flammable materials safety hazards toxic chemicals industrial accidents offshorerigs drilling operations chemical leak explosions shipcollision blowouts oil industry trainingdrills industrial opertaions equipment maintenance stakeholder communication hazrdous material management emergency training safety inspection preventaion safety impact industry hazards financial burden workplace accidents safety concerns decreased efficiency maintaining credibility safety prioritization costly accidents damaged reputation productivity loss legal consequences poor safety culture safety issues safetyimprovement oilgas safety resources employee appreciation safety polices strong safety culture employee involvement employee recognition safetymindset safety skills safety regulation employeeinvolvement shared responsibility leadership role process safety culture safety communication emergency planning risk control facility inspections employee training process safety records process safety management (psm regulation compliance psm benefits psm compliance psm evaluation oil & gas employee safety risk reduction management of change (moc) mechanical integrity pre-startup review psm training operating procedures process safety information compliance audits protection measures accident investigation risk-based model center for chemical process sa swiss cheese model osha standards safer design hazardous material release