Task G: Risk Management Flashcards
Risk Management:
A Logical Process of weighing the potential costs of risk against possible benefits.
4 Principles of Risk Management:
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:
Risk Management: Accept no unnecessary risk
One that doesn’t provide comparable return in terms of benefits.
Risk Management: Make risk decisions at the appropriate level:
The decision makes must be authorized to accept levels of risk
Risk Management: Accept risk when benefits outweigh the costs:
Benefits should be compared to the costs
Risk Management: Integrate Risk Management into planning at all levels:
Risks are more easily assessed and managed in the planning stages of operation.
Risk Management Process:
Risk Management identifies operational hazards and takes reasonable measures to reduce risk.
6 Steps in Risk Management:
Identify the Hazard Asses the risk Analyze risk control measures Make control decisions Implement Risk Control Supervise and Review
6 Steps in Risk Management: Identify the Hazard
experience, Common Sense
6 Steps in Risk Management: Asses the risk
Determine possibility of accident that could result from exposure to hazard
6 Steps in Risk Management: Analyze risk control measures
Specific strategies, tools, eliminate risk
6 Steps in Risk Management: Make control decisions
Must choose best control or combination of controls
6 Steps in Risk Management: Implement Risk Control
A plan for applying selected controls must be formulated and time, materials, and personnel to put measures in place must be provided
6 Steps in Risk Management: Supervise and Review
Once controls are in place, the process must be reevaluated to ensure effectiveness.
Levels of Risk:
Severity
Probability
Levels of Risk: Severity
The extent of possible loss
Levels of Risk: Probability
The likelihood that a hazard will cause a loss.
Assessing Risk:
Likelihood of an event
Severity of an event
Likelihood of an event:
Probable
Occasional
Remote
Improvable
Likelihood of an event: Probable
An event will occur several times
Likelihood of an event: Occasional
An event will probably occur sometime
Likelihood of an event: Remote
An event is unlikely to occur, but is possible
Likelihood of an event: Improvable
An event is highly unlikely to occur
Severity of an event:
Catastrophic
Severity of an event: Catastrophic
Results in fatalities, total loss
Severity of an event: Critical
Severe injury, major damage
Severity of an event: Marginal
Minor injury, minor damage
Severity of an event: Negligible
Less than minor injury, less than minor system damage
Mitigating Risk:
After level of risk has been determined actions can be taken to reduce risk.
Example: A non IFR pilot with MVFR planned for a flight can reduce risk of MVFR by waiting for weather to improve or have an IFR rated and current pilot fly with him.
IM SAFE Checklist:
Good way to mitigate Risk
Illness
Medication
Stress
IM SAFE Checklist: Illness
Do I have any symptoms?
IM SAFE Checklist: Medication
Have I been taking prescription or over-the-counter drugs?
IM SAFE Checklist: Stress
Am I under psychological pressure from the job? Worried about financial matters, health problems, or family discord?
IM SAFE Checklist: Alcohol
Have I been drinking within 8 hours? Within 24 Hours?
IM SAFE Checklist: Fatigue
Am I tired and not adequately rested?
IM SAFE Checklist: Emotion
Am I emotionally upset?
PAVE Checklist:
Pilot
Aircraft
enVironment
External Pressure
PAVE Checklist: Pilot
Is pilot ready (IMSAFE)
PAVE Checklist: Aircraft
Is equipment familiar to pilot, is it suitable for trip, is it capable of performing as required for the trip
PAVE Checklist: enVironment
Weather, Airspace, Day, Night, All Airport Info
PAVE Checklist: External Pressure
Things to do, people to see at destination (Get-There-Itis)
5P Checklist:
Plan Plane Pilot Passengers Programming
5P Checklist: Plan
Weather, Route, ATC Delays, Fuel
5P Checklist: Plane
Is it suitable? Mechanical status, automation status, database currency?
5P Checklist: Pilot
IMSAFE
5P Checklist: Passengers
Pilots/Non-pilots, Nervous/Quite, Business/Pleasure
5P Checklist: Programming
Autopilot, GPS, MFD/PDF, Approaches
