Risk Management Flashcards
7 cards from real CAM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Risk Management flashcards as text
What is the primary purpose of risk management in aviation operations?
Answer: To identify, assess, and mitigate hazards to an acceptable level
Risk management aims to identify and assess hazards and then implement controls to reduce risk to an acceptable level, not eliminate all hazards entirely.
In a standard aviation risk matrix, which two factors are used to calculate a risk score?
Answer: Likelihood and severity
A risk matrix plots the likelihood (probability) of an occurrence against the severity (consequence) of its outcome to determine overall risk level.
What does the term 'residual risk' refer to in aviation risk management?
Answer: Risk that remains after all mitigation measures have been applied
Residual risk is the level of risk that remains after controls and mitigation strategies have been implemented — it is the risk an organization accepts.
Which ICAO document provides the global framework for Safety Management Systems (SMS) and risk management in aviation?
Answer: Annex 19 — Safety Management
ICAO Annex 19 is dedicated to Safety Management and contains the standards and recommended practices for implementing SMS, including risk management processes.
A bowtie analysis in aviation risk management is best described as a tool that:
Answer: Visualizes the causes of a hazard on one side and consequences on the other, with the event in the middle
A bowtie diagram places the hazard/event in the center, showing threat pathways (causes) on the left and consequence pathways on the right, with barriers on both sides.
In the context of the hierarchy of risk controls, which option is considered the most effective?
Answer: Engineering controls and elimination
Engineering controls and elimination sit at the top of the hierarchy because they physically remove or reduce the hazard rather than relying on human behavior.
What is the correct sequence of steps in the basic aviation risk management process?
Answer: Identify → Assess → Control → Monitor
The standard risk management cycle is: Identify hazards, Assess the associated risk, implement Controls or mitigations, then Monitor effectiveness — commonly called IACM.