None CRQ 2
FAA’s “System Safety Process” involves eight steps that begin by the definition of objectives of the system under review. The second step is system description that focuses on the interactions among tools, materials, facilities, or the environment. Other critical steps in the process include hazard and consequence identification, analysis of risks, risk assessment, decision making where action plans are developed, validation and control that see the evaluation of action plans for further action, as well as the modification of the system or processes needed.
On one hand, risk mitigation refers to the systemic reduction in the extent or level of exposure to a given risk or the possibility of it occurring. On the other hand, risk management refers to how risks are identified, assessed, and prioritized, perspectives that are then followed by the economic application and coordination of resources with the intention of monitoring, minimizing, and controlling possible occurrence or impacts of events.
The term ‘TEAM’ approach to reducing risk involves the transfer, elimination, acceptance, and mitigation of the risk at hand. In the aviation industry, the transfer of risk involves contracting out a given work or duty to another organization that is suited or better equipped to carry out the same, and through this, the risk for employees in the organization contracting the work is not accepted. The elimination approach in the aviation industry involves the elimination of particular processes that result in risks. The third approach, acceptance, ensures that the aviation industry and stakeholders only accept a particular risk when its likelihood, severity, and frequency are low. The final approach, mitigation, ensures that stakeholders in the aviation industry take actions with the aim of preventing the occurrence and reducing the frequency or severity of a risk.
The “Risk Assessment and Analysis” process, involves the characterization of hazards according to their likelihood and severity, after which the discovered impacts of the risk elements are combined and compared against some acceptability criteria.
Mitigation of risk involves changing key controls such as the process, procedures, equipment, and behavior. In the aviation industry, for instance, the process of management and carrying out day-to-day operations should be changed for the better if a risk is to be mitigated. This should go hand in hand with the change of day-to-day procedures as well as a change in equipment in case faultiness is detected. Most importantly, a change in the behavior of every stakeholder is crucial to the mitigation of risk in the aviation industry.