G. Risk Management Flashcards
1
Q
PORI 4 Categories of Event Likelihood
A
Probable
Occasional
Remote
Improbable
2
Q
CCMN 4 Categories of Event Severity
A
Catastrophic
Critical
Marginal
Negligible
3
Q
AMAI 4 Principles of Risk Management
A
Accept no unnecessary risk
Make risk decisions at the appropriate level
Accept risk when benefits outweigh the costs
Integrate risk management into planning at all levels
4
Q
5 Ps of SRM
A
Plan Plane Pilot Passengers Programming
5
Q
IAAMIS 6 Steps in Risk Management Process
A
Identify the hazard Assess the risk Analyze the risk control measures Make control decisions Implement the risk controls Supervise and review
6
Q
Level of Risk measured by?
A
Severity
Probability
7
Q
Main Goal of Mitigating Risk
Note from end of Risk Mgmt section in Practical Guide
A
Mitigate the risks you can, and choose whether or not to accept the risks you can’t
