One approach to assessing risk, covered in the FAAs Risk Management Handbook, is to use a risk assessment matrix (RAM) like the one depicted at right. The matrix simplifies part of the risk assessment process, since once likelihood and severity are determined for a given risk its easier to determine when mitigation is required.
The FAA's Risk Management Handbook suggests using a Risk Assessment Matrix (RAM) to assess risk based on likelihood and severity, which then determines mitigation requirements.
The RAM uses a color-coded system: red risks must be mitigated, yellow risks should be mitigated, and green/white risks do not require mitigation.
Pilots can utilize Flight Risk Assessment Tools (FRATs), such as AOPA's digital Flight Risk Evaluator app, for aviation risk management.
The author advocates for mitigating all identified risks to lower levels where possible, often treating unmitigated yellow risks as a "no-go" condition.
One approach to assessing risk, covered in the FAA’s Risk Management Handbook, is to use a risk assessment matrix (RAM) like the one depicted at right. The matrix simplifies part of the risk assessment process, since once likelihood and severity are determined for a given risk it’s easier to determine when mitigation is required.
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