Money resources

The biggest mistake most people make is underestimating the resources (money, time, and personnel) required to setup, maintain, and operate the HT capabilities. HT is not an opportunity to immediately decrease resources, especially manpower, but rather an opportunity to maximize the efficiency of the current resources. Before rushing out to buy HT tools, the following comments are to be considered. 

Insufficient resources (money, time, skill level)... 

As mentioned earlier, there needs to be a commitment from the very top of the organization and this commitment will, in turn, produce higher levels of motivation and commitment throughout the organization. Probably the best indication of this concern for health and safety is shown by the status given to health and safety and the amount of resources (money, time and people) allocated to health and safety. 

Money is not a resource. Money is used to buy resources (people, machines, buildings, etc. are the resources). 

Economists call the task of channeling the usually very limited resources (money, manpower, etc.) into profit-yielding investments ... 

The safety and protection of employees, company assets, and the community in which the company resides is incumbent npon the corporation. Hopefully, an emergency response plan will need to be used only during testing and exercises. However, should an incident occur, a good plan will save time, resources, money, and more importantly, lives. It will also preserve community confidence in the company, which is a very important aspect of successful business. 

Leading indicators are often expressed as a percentage or ratio and not an absolute value. They should be expressed positively (100% desired instead of 0%, this is in contrast to lagging indicators). They should promote an informed discussion on where to invest resources (money, effort). 

Not providing sufficient resources (e.g., time, money, process experts)... 

The organization has wasted resources in spending time, money, and effort in training workers who realize that they are unlikely to use the training. 

If our inspection process has pointed out areas in need of housekeeping, and these same areas continually show up on our inspection, an adjustment would appear to be in order. One possible solution would be to spend more time and effort on housekeeping issues. However, no matter how much time and effort we spend on housekeeping, we can usually find places lacking in housekeeping. Possibly there is no money, time, equipment, or other resources available to perform housekeeping activities at this time. 

Goals such as these can only be achieved through an ongoing, companywide effort. We endorse and promote process safety management as a priority throughout our businesses, and will dedicate the appropriate resources— time, skills, money— to assure continuous improvement. 

Human resources, whether in-house or retained by contract, cost money, and represent either a direct or an indirect investment. In lobbying for PSM resources, be realistic about the time you think the effort will require underestimating the level of effort can raise management s expectations beyond your ability to meet them. At the same time, estimates of staff required can t ignore prevailing company priorities for example, a request for five new staffers during a hiring freeze is unlikely to be favorably received. 

The use of the risk-based decision making process allows for efficient allocation of limited resources, such as time, money, regulatory oversight, and qualified professionals. Advantages of using tliis process include ... 

Kosmo, M. (1987). Money to Buni The High Costs of Energy Subsidies. World Resources Institute. 

The Money-Lender (Banker and His Wife" by Quentin Metsys/ Erich Lassing/Art Resource, NY... 

This in itself draws attention to one of the artistic aspects of the industrial catalyst designer s job. Money values are neither absolute, invariant, nor always logically desirable entities. For example, resource producing nations can increase feedstock prices and they may do so for political rather than for hard, technological reasons. One very important consequence is the fact that a catalytic process that is economic in one year but not in the next is not as attractive as one that can adapt. 

In any boiler plant system, the boiler itself typically is the single most expensive item of equipment and the source of generated steam. Thus, it tends to receive the highest percentage of whatever time, money, and human resources are available. This is understandable because any loss of heat transfer efficiency through deposition or other physicochemical waterside problems has the greatest impact here. 

Recovery and recycle of ingredients Better utilization of raw materials saves money, natural resources, and the environment. 

Other factors include available resources in terms of money and manpower to develop the system in-house, outsource, or purchase from e-clinical proprietary vendors, reliability, flexibility, and security. Some coordinating centers have chosen OSS/FS over proprietary vendors based on the criteria of cost, reliability, flexibility, and security [38]. The rationale is that although both have service comparability, proprietary software licensing costs, both for initial purchases and annual licensing, are significant. 

It is interesting to trace the development of instrument automation over the relatively brief period of the past ten to fifteen years. Early in this period, a truly automated instrument was a rare and expensive item built around a costly dedicated minicomputer. Automated data collection and analysis from any instrument which was not automated at the factory was usually accomplished by digitizing the data and storing it on a transportable media such as paper tape. These data were then delivered and fed to a timeshare system of some sort on which the data reduction program ran and which printed a report and sometimes a plot of the data. Often a considerable time delay occured between the generation and the analysis of the data. The scientist was at the mercy of the computer elite who could implement his data logger and provide the necessary computer resources to analyze his data. The process was expensive, both in time and in money. 

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