Risk Management Program Standard: For Use in the Pipeline Risk Management Demonstration Program
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Risk Management Program Standard: For Use in the Pipeline Risk Management Demonstration Program

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    The program standard is intended to serve as a common rational basis upon which the pipeline industry and its regulators can interactively develop, assess, and refine effective risk management programs and proposals. It is not intended to provide a detailed instruction manual that can be followed by rote by pipeline companies to develop a program or proposal, or a checklist for OPS to use to review company risk management proposals. This program standard defines the program and process elements of a comprehensive risk management program that all Risk Management Demonstration Project proposals shall contain. At the same time, the standard allows flexibility to each company to customize its risk management program to fit its particular needs and corporate practices, provided that the program supports the scope and goals of the demonstration project proposal. This program standard also includes an evaluation and improvement element that enables programs to evolve as experience is gained.This program standard plays an important role in the pipeline industry's risk management demonstration program. This program standard, by describing the necessary basic elements and characteristics of a pipeline company risk management program, is to be used by: Individual pipeline companies that are developing risk management programs for

    internal use; Individual pipeline companies that are developing specific proposals to submit for consideration in the Risk Management Demonstration Project; and, OPS as a basis for developing the processes it will use to review risk management programs and approve specific Risk Management Demonstration Project proposals submitted by individual companies.

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    Draft report.
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