“The risks and costs in commercial aviation necessitate a rational process for decision-making. On a daily basis, operators and managers make decisions in real time, weighing the probability and severity of any adverse consequences implied by the risk against the expected gain of taking the risk. This process is known as risk management.” – ICAO
What do we mean by Risk Assessment ?
Risk Assessment is the process whereby the risk is measured in terms of the probability or likelihood of an event happening and the severity of impact on the organization typically in respect of asset value, human terms, financial damage, or environmental damage. Finally to consider the organisations tolerability to such an event, means how much damage can we sustain.
What do we mean by Small to Medium Companies ?
Small companies could employ just a few people and medium companies could employ upwards of 500 people so the description covers many different sized companies.
The core requirement for an SMS in Small to Medium Organisations is a scalable but effective method of identifying and controlling risk, and an essential element of safety management is the process of risk assessment.
What is the EASA view of the need to deliver Risk Assessment ?
EASA identifies safety Risk Management as follows -
Hazard identification processes. Are identified by EASA as follows – Reactive and proactive schemes for hazard identification should be the formal means of collecting, recording, analyzing, acting on and generating feedback about hazards and the associated risks that affect the safety of the operational activities of the organisation.
All reporting systems, including confidential reporting schemes, should include an effective feedback process.
Risk assessment and mitigation processes.
A formal risk management process should be developed and maintained that ensures analysis (in terms of probability and severity of occurrence), assessment (in terms of tolerability) and control (in terms of mitigation) of risks to an acceptable level.
The levels of management who have the authority to make decisions regarding the tolerability of safety risks, should be specified.
The aviation industry is a complex environment with many diverse business elements.
Huge demands may be placed on both organization and individuals to deliver and achieve key goals or elements. The Aviation industry is and will continue to be driven to deliver increasingly higher levels of safety.
Sofema Aviation Services provides several specific trainings in the area of Safety Management. Please visit the web site www.sassofia.com or email email@example.com For details or to make an enquiry.