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 Assessment Matrix (RAM) simplifies risk assessment by combining likelihood and severity to determine when mitigation is required (red risks must be mitigated, yellow should be, green/white do not require it).
Pilots can utilize Flight Risk Assessment Tools (FRATs), including apps like AOPA's Flight Risk Evaluator, to manage aviation risks.
The author personally recommends mitigating all identified risks to lower levels by reducing likelihood and/or severity, often treating unmitigated yellow risks as a "no-go."
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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