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 does the acronym ALARP stand for in aviation risk management?
Answer: As Low As Reasonably Practicable
ALARP means 'As Low As Reasonably Practicable' — a principle requiring risk to be reduced to the lowest level that is reasonable given the cost and effort involved.
A Failure Mode and Effects Analysis (FMEA) is primarily used to:
Answer: Systematically evaluate how each component failure could affect overall system performance
FMEA is a proactive tool that examines potential failure modes of each system component and determines the effect of each failure on overall system operation.
What is the key difference between a qualitative and quantitative risk assessment?
Answer: Qualitative uses descriptive categories (e.g., high/medium/low); quantitative assigns numerical probabilities and values
Qualitative assessments categorize risk using descriptive scales, while quantitative assessments use numerical data to calculate probability and consequence values objectively.
A risk register in aviation management is best described as:
Answer: A document that records identified risks, their assessments, and the status of mitigation actions
A risk register is a living document that captures all identified hazards, their risk ratings, assigned owners, mitigation measures, and current status — serving as the central risk management record.
In Fault Tree Analysis (FTA), the 'top event' represents:
Answer: The undesired event or system failure being analyzed
In FTA, the top event is the specific undesired event (e.g., engine failure) that the analysis is working to understand by tracing all possible contributing causes downward through the tree.
Risk tolerance in aviation management refers to:
Answer: The level of risk an organization is willing to accept while still pursuing its objectives
Risk tolerance defines the boundaries of acceptable risk for an organization — it guides decision-making by clarifying how much risk leadership is prepared to accept in pursuit of goals.
Which of the following best describes a 'proactive' approach to risk management in aviation?
Answer: Identifying and mitigating hazards before an incident or accident occurs
Proactive risk management involves identifying and addressing hazards before they lead to incidents or accidents — it uses tools like audits, safety surveys, and hazard reporting systems.