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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.