Abstract: A near real-time system and method for continuous online monitoring of a plurality of operations in a continuous chemical process facility is described. The method of monitoring the operations is based on a multivariate statistical model developed using off-line, selected process-specific historical process data. Such a model is used by an online monitoring system to monitor the continual operation of a chemical manufacturing facility or refinery in real-time from a remote location. Such real-time monitoring allows for determination of whether one or more of the plurality of operations are operating within their normal operational parameters. This real-time, continuous monitoring system can further be used to predict impending failures or trouble-spots within the continuous production process, or to minimize catastrophic process failures which may occur in a continuous chemical manufacturing process.