Risk Management
Aviation Risk Management (RM) is a decision-making process to systematically evaluate possible courses of action in any given situation, identify risks and benefits, and determine the best way forward.
RM provides the means to enhance operational capability while limiting
all dimensions of risk, thereby increasing an organisation's ability to
accomplish its operation. It also provides a logical process to identify
and exploit opportunities that provide the greatest return on investment
of time, money and resources. The aim is to
increase operational success while reducing the risks to the lowest practical
level
RM adds rigour to the traditional approach to operational effectiveness,
and risk reduction directly strengthens aviation capability. The aim is
to increase operational success while reducing the risks to the lowest
practical level.
All missions and daily routines involve risk, and all operations need
decisions that require assessment of any potential risk. 
Hazards should be identified using the same disciplined and logical thought
processes that govern all other aspects of aviation activities. Risk decisions
must be made at a level of responsibility that corresponds to the degree
of risk, taking into consideration the benefit of the operation and the
timeliness of the required decision.
Three principles govern all actions associated with the management of
risk.
- Accept No Unnecessary Risk. RM provides tools to determine which risk, or what level of risk, is unnecessary. The corollary to this axiom is "accept necessary risk" required to successfully complete the operation or task.
- Make Risk Decisions at the Appropriate Level. Risk and the responsibility for it must be logically assigned. Delegation or elevation is the key issue. Clarity of responsibility for the risk judgement is paramount.
- Accept Risk only when Benefits Outweigh the Costs. All identified benefits should be compared to all identified potential costs of risks occurring. Even high risk endeavours may be undertaken when there is clear knowledge that the sum of the benefits exceeds the sum of the costs.
AvSafe can:
- Evaluate your RM organisation
- Conduct risk assessments with you
- Develop RM strategies