The ARAMIS methodology was developed in an European project co-funded in the fifth Framework Programme of the European Commission with the objective to answer the specific requirements of the SEVESO II directive. It offers an alternative to purely deterministic and probabilistic approaches to risk assessment of process plants. It also answers the needs of the various stakeholders interested by the results of the risk assessment for land use or emergency planning, enforcement or, more generally, public decision-making. The methodology is divided into the following major steps: identification of major accident hazards (MIMAH), identification of the safety barriers and assessment of their performances, evaluation of safety management efficiency to barrier reliability, identification of reference accident scenarios (MIRAS), assessment and mapping of the risk severity of reference scenarios and of the vulnerability of the plant surroundings. The methodology was tested during five case studies, which provided useful information about the applicability of the method and, by identifying the most sensitive parts of it opened way to new research activity for an improved industrial safety.