The BP Texas refinery incident helped to highlight the attention needed for process safety. In the past, process safety was considered only at the design level. It is widely agreed that QRA provides a mechanism to identify vulnerable areas and issues in process design and guides to focus the effort to control or mitigate them. These QRA are often carried out discreetly with an interval often exceeding 5 years. During this period, significant changes can occur in the process plant, which are often approved by an in-house or a quick risk study. It can be stated that conducting any sort of study is better than not completing one; however, it may fail to not address issues beyond the scope of changes/modification. Furthermore, QRA during design fails to capture the operational, personnel, and other issues which significantly impact the operational life of the process facility. To operate more safely and efficiently, a system is required to monitor the process and its safety performance in real-time or, at least, on frequent intervals.