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Risk Analysis Methodology

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          After applying the various analysis techniques to identify risks, there are additional tasks involving: Risk  assessment, hazard control analysis, requirements cross-check analysis, and hazard tracking and risk  resolution.                  Risk Assessment  Risk assessment is the classification of relative risk associated with identified hazards. Risk has two  elements, which are severity and likelihood. Severity is the degree of harm that would occur if an accident  happens. Likelihood is a qualitative expression of the probability that the specific accident will occur.               Criteria for severity and likelihood should be defined. When risk assessment is to be conducted, the risks  should be prioritized to enable resources to be allocated consistently to the highest risks.              ...

Aviation Risk Analysis

                  The objective of SMS is to provide information on how to identify,  eliminate and control aviation-related risks. There are unique hazards and risks associated with  commercial aviation, as well as general aviation activities. Generally, a number of hazards and risks are  listed for consideration. During hazard analysis activities, the analyst should consider these appropriate  examples: • Aviation fuel storage and handling. • Airport ground handling equipment, its use, movement, and maintenance. • Surface movement at airports • Traffic management at airports. • Life safety involving the general public at places of assembly in airports. • Preventative maintenance and inspection of aircraft. • The conduct of maintenance operations such as: use of flammables, solvents, parts cleaning, equipment accessibility, flammable materials, hangar fire protection equipment. • Aircraft movement in and aro...