Summary of SMS Pillar # 2 RISK MANAGEMENT (Safety Management System)

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In the aviation industry, risk management is critical to ensuring safe operations. The goal of risk management is to assess and control potential negative consequences in a valid and acceptable way. Risks and hazards are always changing, so periodic checks and upgrades are necessary for planning and system design. The speaker stresses the importance of risk identification, which creates a foundation for daily safety operations. Aviation service providers are responsible for collecting, recording, and processing safety data using various reactive, proactive, and predictive methods. Once a hazard has been identified, risks can be analyzed, and a team can be assigned to address problematic areas by mitigating the likelihood of negative events.

• 00:00:00 In this section, the speaker talks about risk management in the aviation industry. The goal is to assess and reduce the possibility of negative consequences by controlling them in a valid and acceptable way. Risks and hazards are constantly changing, so periodic checks and upgrades are necessary when it comes to planning and system design. The speaker emphasizes the importance of risk identification, which sets the foundation and framework for daily safety operations. Aviation service providers are responsible for collecting, recording, and processing safety data through various reactive, proactive, and predictive methods. Once a hazard has been identified, risks can be analyzed and a team can be assigned to review and improve upon problematic areas by mitigating the likelihood of negative events.