Risk Management

Question 1

Principals of Risk Management

Answer 1

(AM AI)

A - Accept No unnecessary Risk
M - Make decisions at an appropriate level (May be beneficial to talk to chief Pilot)
A - Accept risk ONLY when benefits outweigh the Costs
I - Integrate risk Management into planning at all levels (plan early and throughout the
flight)

Question 2

Risk Management Process

Answer 2

(IAA MIS)

I - Identify the Hazards (injury, illness, death, damage to aircraft or equipment)
A- Assess the Risk (Develope a method to tangibly measure risk)
A- Analyze Risk Control Measures (Consider ways to mitigate risk Probability vs severity)
M- Make Control Decisions (best way to control steps 1&2)
I- Implement Risk Controls
S- Supervise / Review (Reevaluate and make necessary changes)

Question 3

Level of Risk

Answer 3

(SP)

S - Severity (how bad is this risk going to be)
P- Probability (how likely is an accident going to happen)

Question 4

Mitigating Risk

Answer 4

● IMSAFE Checklist
● PAVE Checklist
● 5P Checklist
P - Plan (Where you’re going, how you will get there, weather)
P - Pilot (IMSAFE, think about psychological situation)
P - Plane (Conditions, abilities and equipment)
P - Programming (GPS, programming)
P - Passengers (can have influence on decision making)