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 employs a Risk Assessment Matrix (RAM) to simplify risk assessment, using color codes (red, yellow, green, white) based on likelihood and severity to determine mitigation requirements.
Pilots can also use Flight Risk Assessment Tools (FRATs), like the AOPA Air Safety Institute's app, for aviation risk management.
The author advises mitigating all identified risks by reducing their likelihood and/or severity, personally considering unmitigable "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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