Automated controlled systems are vulnerable to faults. Faults can be amplified by the closed loop control systems and they can develop into malfunction of the loop. A control loop failure will easily cause production stop or malfunction at a petrochemical plant. A way to achieve a stable and effective automated system is to enhance equipment dependability. This paper presents a standard methodology for the analysis and improvement of pump performance to enhance total operational effectiveness and stability in offshore industry based on dependability. Furthermore, it is shown how a reliability-safety analysis can be conducted through equipment dependability indicators to facilitate the mitigation of hazard frequency in a plant. The main idea is to employ principle component analysis (PCA) and importance analysis (IA) to provide insight on the pumps performance. The pumps of offshore industries are considered according to OREDA classification. The approach identifies the critical pump and their fault through which the major hazards could initiate in the process. At first PCA is used for assessing the performance of the pumps and ranking them. IA is then performed for the worst pump which could have most impact on the overall system effectiveness to classify their components based on the component criticality measures (CCM). The analysis of the classified components can ferret out the leading causes and common-cause events to pave a way toward improving pump performance through design optimization and online fault detection which ultimately enhance overall operational effectiveness. (C) 2006 Published by Elsevier Ltd.