For the process industry to be successful; it has become essential to identify the hazards, to assess the associated risks and to bring the risks to a tolerable level. Hazard Identification and Risk Analysis (HIRA) is a collective term that encompasses all activities involved in identifying hazards and evaluating risk at facilities, throughout their life cycle, to make certain that risks to employees, the public, or the environment are consistently controlled within the organization’s risk tolerance. Hazard identification and Risk Assessment (HIRA) is a continual process and is carried out to identify whatever could cause injury, damage & ill-health arising out of various routine & non-routine activities and processes.