Task G: Risk Management

Question 1

Principles of risk management

Answer 1

A accept no unnecessary risk
M make risk decisions at the
appropriate level
A accept risk only when benefits outweigh the
cost
I integrate risk management into all levels of
planning

Question 2

Risk management processes

Answer 2

I identify the hazard 
A assess the risk 
A analyze risk control measures 
M make control decisions 
I implement risk controls 
S supervise and review

Question 3

Assessing risk

Answer 3

Likelihood of an event 
    P probable 
    O occasional 
    R remote 
    I improbable 
severity of an event 
    C catastrophic 
    C critical 
    M marginal 
    N negligible

Question 4

5P checklist

Answer 4

Plan 
plane 
pilot 
passengers 
programming

Question 5

Im safe checklist

Answer 5

I illness 
M medication 
S stress 
A alcohol 
F fatigue 
E emotion

Question 6

Hazardous attitude

Answer 6

Macho- don’t take chances 
Antiauthority- follow the rules 
Invulnerability- it could happen to 
                           me 
Impulsivity- not so fast 
Resignation- I’m not hopeless, don’t give up