True or False: Process Safety Management systems acknowledge the existence of inherent risks in processes.

Process Safety Management (PSM) systems are designed to manage the safety of processes, particularly in industries dealing with hazardous materials. One of the core principles of PSM is the understanding and acknowledgment of the inherent risks present in processes. PSM frameworks promote awareness of these risks as an essential step in minimizing potential hazards. By identifying risks, facilities can implement safety measures that reduce or eliminate the chances of incidents before they occur.

The acknowledgment of these inherent risks allows organizations to establish effective management strategies, including risk assessment and mitigation plans, employee training, and continuous process improvement. This recognition is not limited to just high-risk processes or confined to academic discussions; it is a fundamental aspect of comprehensive safety management in various industrial applications.

The other options present limitations or contexts that do not fully capture the scope of PSM’s approach to inherent risks, making the statement that PSM systems acknowledge these risks true.