The provided text excerpt outlines OSHA's Process Safety Management (PSM) standard, a performance-based approach to workplace safety. This standard emphasizes achieving specific safety outcomes, allowing companies to develop customized safety strategies tailored to their unique operations. Instead of dictating exact methods, PSM focuses on key performance indicators, including process hazard analysis, employee participation, training and competency, mechanical integrity, and management of change. By emphasizing adaptability, innovation, continuous improvement, and resource optimization, PSM aims to create a proactive safety culture and reduce workplace risks.