Which tool is part of formal analysis methods for hazard identification?

HAZOP, or Hazard and Operability Study, is a structured and systematic technique used for identifying hazards and operational issues in processes. It is particularly prominent in the context of process safety management as it focuses on potential deviations from the design intent of a system and assesses the risks associated with those deviations.

During a HAZOP study, a team systematically examines each part of a process to identify how the process could fail, what the consequences of those failures might be, and what safeguards are in place to mitigate those risks. This approach allows organizations to proactively address safety concerns and improve the safety and integrity of their operations.

In contrast, SWOT analysis primarily assesses strengths, weaknesses, opportunities, and threats in a broader organizational context, rather than specifically focusing on hazard identification. Market analysis evaluates market conditions and competitors, and technical feasibility studies analyze the practicality of proposed projects or technologies. While these tools may have their uses, they do not provide the structured and detailed approach required for formal hazard identification in the same way that HAZOP does.