Which step in the Risk Management Process involves taking actions to reduce risk?

Which step in the Risk Management Process involves taking actions to reduce risk?

• A. Mitigate the Risk
• B. Identify the Hazard
• C. Assess the Risk
• D. Monitor the Risk

Answer: (A)

Mitigating the risk means putting actions in place to reduce either the likelihood of the hazard causing harm or the severity of its consequences. In the risk management process, you first identify what could go wrong and then evaluate how big the risk is. Once you know where the danger sits, you apply controls to lower that risk to an acceptable level. Examples in aviation include changing flight plans to avoid hazardous weather, instituting new SOPs or checklists, adding training or CRM, implementing engineering controls, or changing maintenance procedures. These actions are all about reducing risk, not just recognizing it or measuring it. Identifying hazards is about spotting potential problems; assessing risk is about judging how serious they are; monitoring risk is about tracking the effectiveness of the mitigations over time. By focusing on what you do to lessen the risk, you’re describing the step of mitigation.

Mitigating the risk means putting actions in place to reduce either the likelihood of the hazard causing harm or the severity of its consequences. In the risk management process, you first identify what could go wrong and then evaluate how big the risk is. Once you know where the danger sits, you apply controls to lower that risk to an acceptable level. Examples in aviation include changing flight plans to avoid hazardous weather, instituting new SOPs or checklists, adding training or CRM, implementing engineering controls, or changing maintenance procedures. These actions are all about reducing risk, not just recognizing it or measuring it. Identifying hazards is about spotting potential problems; assessing risk is about judging how serious they are; monitoring risk is about tracking the effectiveness of the mitigations over time. By focusing on what you do to lessen the risk, you’re describing the step of mitigation.