Task G: Risk Management

Question 1

Define Risk Management

Answer 1

The logical process of weighing the potential costs of risk against the possible benefits of allowing those risks to stand uncontrolled.

Question 2

Principles of risk management (AMAI)

Answer 2

A-ccept no unnecessary risk
M-ake risk decisions at the appropriate level
A-ccept risk when benefits outweigh the cost
I-ntegrate risk management into planning at all levels

Question 3

Risk management process (IAAMIS)

Answer 3

I-dentify the hazard
A-ssess the risk
A-nalyze risk control measures
M-ake control decisions
I-mplement risk controls
S-upervise and review

Question 4

Level of risk is measured in terms of…

Answer 4

Severity (extent of possible loss)

Probability (likelihood that a hazard will cause a possible loss)

Question 5

Assessing risk (risk assessment matrix)(likelihood of an event) (PORI)

Answer 5

1. Probable
2. Occasional
3. Remote
4. Improbable

Question 6

Assessing risk (Risk assessment matrix)(severity of an event) (CCMN)

Answer 6

1. Catastrophic
2. Critical
3. Marginal
4. Negligible

Question 7

IMSAFE CHECKLIST (Mitigating risk)

Answer 7

I-llness
M-edication
S-tress
A-lcohol
F-atigue
E-xercise, eating, emotions

Question 8

PAVE (Mitigating risk)

Answer 8

P-Pilot (imsafe)
A-ircraft (ATOMATOFLAMES, FLAPS, GRABCARD, AVIATES, ARROW)
E-nvironment (Airspace, terrain, NWKRAFT)
E-xternal pressures (hazardous attitudes)

Question 9

Three P Model for pilots

Answer 9

P-erceive
P-rocess
P-erform

Question 10

Single resource management

Answer 10

The art and science of managing all of the resources available to a single pilot to ensure the successful outcome of flight.

Question 11

5P Checklist

Answer 11

P-lan (the mission or task)
P-lane (is the airplane and its systems suitable for the mission?)
P-ilot (imsafe, assess and mitigate risk)
P-assengers (accommodate but do not sacrifice personal minimums to complete mission)
P-rogramming (familiar with onboard equipment, make sure pilot can stay ahead of the airplane)

Question 12

“Implementing” the Risk Management process (AMAI)

Answer 12

A-pply the steps in sequence
M-aintain a balance in the process
A-pply the process in a cycle
I-nvolve people in the process

Question 13

Define Situational Awareness

Answer 13

The accurate perception and understanding of all the factors and conditions within the four fundamental risk elements that affect safety before, during, and after the flight.