The document outlines the key elements of Process Safety Management (PSM) as defined by OSHA guidelines. It discusses the importance of process safety in preventing fires, explosions, and toxic releases. The main components of an effective PSM system include process safety information, process hazard analysis, operating procedures, training programs, management of change procedures, incident investigation, and emergency response planning. Implementing PSM helps create a safer workplace, reduces business risks and losses, and ensures compliance with industry and regulatory standards. Failure to establish proper process safety controls could lead to accidents or incidents that threaten employees, the environment and local communities.