I think balancing cost-cutting and safety in plant engineering requires a risk-based approach. Focus on high-risk areas for safety, and optimize lower-risk zones for cost savings. Preventive maintenance and automation can reduce breakdowns and human errors. Use value engineering to design cost-efficient, safe systems, and involve safety experts in decision-making. Compliance with standards is essential to avoid fines and accidents. Promote safety training and a proactive culture, while considering Total Cost of Ownership (TCO) to ensure short-term savings don’t lead to long-term expenses.

Here are some key steps to make good decisions: Risk Assessment: Identify potential hazards and assess the risks associated with cost-cutting measures. Evaluate Alternatives: Explore various cost-reduction strategies that do not compromise HSE Engage Stakeholders: Involve employees, safety experts, and management in discussions about cost - cutting Monitor and Review: Establish metrics to track safety performance alongside cost savings. Implement Technology: Utilize automation and advanced technologies that can reduce costs while enhancing safety, such as predictive maintenance systems. Prioritize Critical Safety Measures: Identify non-negotiable safety standards and ensure that any cost-cutting measures do not affect these critical areas