A process control system includes a first process controller coupled to a first set of input/output (I/O) modules that provided first channels, including an I/O software agent coupled to an I/O module pool that includes a first and at least a second I/O module collectively providing pooled channels. The first channels and the pooled channels are each coupled by a respective field device to first and second processing equipment, respectively. The I/O software agent is configured for enabling addition of the first set of I/O modules to the LO module pool, coupling of a plurality of additional process controllers in a controller pool to the first process controller, and enabling at least one of i) making any of the first channels available to any of the process controllers in the controller pool, and ii) making any of the pooled channels available to the first process controller.