Risk Management

Question 1

Total Risk

Answer 1

The sum of identified & unidentified risks

Question 2

Identified Risk

Answer 2

• Risk that has been determined through various analysis techniques
• The first task of system safety tis to identify, within practical limitations, all possible risks

Question 3

Unidentified Risk

Answer 3

• Risk not yet identified
• Some unidentified risks are subsequently identified when a mishap occurs
• Some risks are never known

Question 4

Unacceptable Risk

Answer 4

• Risk which can’t be tolerated by the managing activity
• It is a subset of identified risk that must be eliminated or controlled

Question 5

Acceptable Risk

Answer 5

• A part of identified risk that is allowed to persist without further engineering or management action
• It’s difficult, yet necessary responsibility of the managing activity
• Made with full knowledge that it is the user who is exposed to this risk

Question 6

Residual Risk

Answer 6

• The risk left over after system safety efforts have been fully employed
• It is not necessarily the same as acceptable risk
• Residual risk is the sum of acceptable risk and unidentified risk
• It is the total risk that is passed on to the user

Question 7

What is the goal of risk management?

Answer 7

To identify safety related hazards and mitigage the associated risks

Question 8

What is the 3P model of ADM?

Answer 8

Perceive: Identify the risk, given the circumstances for flight
Process: Evaluate the impact of those circumstances on flight safety
Perform: Mitigate the risk by implementing the best course of action