API 353 : 2006

1. INTRODUCTION
    1.1 PURPOSE AND OBJECTIVES
    1.2 SCOPE
    1.3 TARGET AUDIENCE
         1.3.1 How to Use This Document
         1.3.2 Roles and Responsibilities
         1.3.3 Training and Qualifications
         1.3.4 Governmental Requirements
    1.4 APPLICABLE FACILITIES
         1.4.1 Petroleum Terminals
         1.4.2 Pipeline Tankage Facilities
         1.4.3 Bulk Plants
         1.4.4 Lube Blending and Packaging Facilities
         1.4.5 Asphalt Facilities
         1.4.6 Aviation Service Facilities
         1.4.7 Overlapping Facilities Coverage
         1.4.8 Non-applicable Facilities
2. TERMS, DEFINITIONS, AND ACRONYMS
    2.1 TERMS AND DEFINITIONS
    2.2 ACRONYMS
3. REFERENCES AND STANDARDS
4. BASIC CONCEPTS OF RISK
    4.1 PRINCIPLES AND PHILOSOPHY OF RISK
         4.1.1 What Is Risk?
         4.1.2 Likelihood of Occurrence
         4.1.3 Consequence of Occurrence
         4.1.4 Risk
    4.2 RISK SCORING
         4.2.1 Risk Matrix Development
         4.2.2 Quantitative Risk Analysis
         4.2.3 Risk Reduction
5. RISK MANAGEMENT PROGRAM OVERVIEW
    5.1 GENERAL
    5.2 DEVELOPING A COMPANY APPROACH TO RISK MANAGEMENT
         5.2.1 Hazard Identification
         5.2.2 Risk Assessment Overview
         5.2.3 Risk Evaluation, Control, Management, and Mitigation
         5.2.4 Procedures
         5.2.5 Training
         5.2.6 Emergency Planning and Emergency Response
         5.2.7 Incident Investigation and Root Cause Determination
6. RISK ASSESSMENT
    6.1 COMPANY RISK ASSESSMENT PROGRAM
    6.2 TYPES OF RISK ASSESSMENT
         6.2.1 Qualitative Risk Assessment
         6.2.2 Quantitative Risk Assessment
         6.2.3 Semi-Quantitative Risk Assessment
    6.3 PRECISION VS. ACCURACY
    6.4 THE ROLE OF INSPECTION IN RISK ASSESSMENT
    6.5 RISK ASSESSMENT APPROACH
    6.6 RISK ASSESSMENT TEAM
    6.7 API PUBLICATION APPENDIX RISK ASSESSMENT DEMONSTRATION
         6.7.1 API Example Risk Assessment Method for AST Facilities
         6.7.2 The Risk Scoring System
         6.7.3 The Risk Matrix
         6.7.4 Steps in Conducting the API Risk Assessment Model
         6.7.5 Conducting Risk Assessment Decision-Making
    6.8 GATHERING, REVIEWING, AND INTEGRATING DATA
         6.8.1 Getting Started
         6.8.2 Data Sources
         6.8.3 Identification and Location of Data
         6.8.4 Data Collection
         6.8.5 Data Integration
         6.8.6 Data Gap Assumptions
    6.9 RECORD KEEPING
         6.9.1 General Requirements
         6.9.2 Risk Assessment Methodology
         6.9.3 Risk Assessment Personnel
         6.9.4 Time Frame
         6.9.5 Assessment of Risk
         6.9.6 Assumptions Made to Assess Risk
         6.9.7 Risk Assessment Results
         6.9.8 Mitigation and Follow-Up
         6.9.9 Codes, Standards, and Government Regulations
7. INTEGRITY ASSESSMENT
    7.1 METHODS OF INSPECTION
    7.2 METHODS OF ASSESSMENT
    7.3 ESTABLISHING RE-INSPECTION INTERVALS AND MITIGATING RISK
         7.3.1 Establishing an Inspection Strategy Based on
                Risk Assessment
         7.3.2 Managing Risk with Inspection Activities
         7.3.3 Assessing Inspection Results and Determining
                Corrective Action
8. RISK MITIGATION
    8.1 GENERA
    8.2 MITIGATION APPROACH AND OPTIONS
    8.3 USING API PUBLICATION 340
    8.4 SUMMARIZED EXAMPLES
         8.4.1 Mitigation of Potential Releases at a Unit Level
         8.4.2 Mitigation of Potential Releases at the Facility
                Level
         8.4.3 Risk Mitigation at a Corporate Level
9. MANAGEMENT OF CHANGE
10. PERFORMANCE MEASURES
    10.1 PERFORMANCE MEASURE CHARACTERISTICS
    10.2 PROCESS OR ACTIVITY MEASURES
    10.3 OPERATION MEASURES
    10.4 DIRECT INTEGRITY MEASURES
    10.5 PERFORMANCE MEASUREMENT METHODOLOGY
    10.6 PERFORMANCE MEASUREMENT - INTRA-SYSTEM
    10.7 PERFORMANCE MEASUREMENT - INDUSTRY-BASED
    10.8 PERFORMANCE IMPROVEMENT
11. QUALITY CONTROL
    11.1 CHARACTERISTICS OF A QUALITY CONTROL PROGRAM
    11.2 RISK MANAGEMENT PROGRAM AUDITS
Appendix A
Optional Comprehensive Risk Assessment Method I
Appendix B
Optional Qualitative Risk Assessment Method II
Appendix C
Risk Assessment Workbook for Appendix A, Method I
LIST OF FIGURES
LIST OF TABLES

Describes the issues of overall risk management, risk assessment, risk ranking, risk mitigation, and the performance measures applicable to an overall integrity management program.