CAM Risk Management

Question 1

What is the primary purpose of risk management in aviation operations?

Accepted Answer

To identify, assess, and mitigate hazards to an acceptable level

Answer

To eliminate all hazards from the workplace

Answer

To transfer all operational risk to insurance providers

Answer

To document incidents after they occur for regulatory reporting

Question 2

In a standard aviation risk matrix, which two factors are used to calculate a risk score?

Accepted Answer

Likelihood and severity

Answer

Cost and frequency

Answer

Duration and exposure

Answer

Probability and complexity

Question 3

What does the term 'residual risk' refer to in aviation risk management?

Accepted Answer

Risk that remains after all mitigation measures have been applied

Answer

Risk that has been fully eliminated through controls

Answer

The initial risk level before any assessment is performed

Answer

Risk transferred to a third party through insurance

Question 4

Which ICAO document provides the global framework for Safety Management Systems (SMS) and risk management in aviation?

Accepted Answer

Annex 19 — Safety Management

Answer

Annex 6 — Operation of Aircraft

Answer

Annex 14 — Aerodromes

Answer

Doc 9859 — Safety Management Manual

Question 5

A bowtie analysis in aviation risk management is best described as a tool that:

Accepted Answer

Visualizes the causes of a hazard on one side and consequences on the other, with the event in the middle

Answer

Calculates the financial cost of a risk event

Answer

Ranks hazards in order of regulatory priority

Answer

Maps organizational reporting lines for safety officers

Question 6

In the context of the hierarchy of risk controls, which option is considered the most effective?

Accepted Answer

Engineering controls and elimination

Answer

Personal protective equipment (PPE)

Answer

Administrative controls and procedures

Answer

Training and awareness programs

Question 7

What is the correct sequence of steps in the basic aviation risk management process?

Accepted Answer

Identify → Assess → Control → Monitor

Answer

Mitigate → Identify → Assess → Monitor

Answer

Assess → Identify → Mitigate → Report

Answer

Control → Assess → Identify → Accept