Aviation Risk Management

This course in risk management addresses both qualitative and quantitative risk management where quantitative risk is discussed in terms of expected monetary loss annually.  The course then shows how the safety professional can make a strong financial case for safety programs which reduce expected monetary loss.  This is done by teaching how managers make financial decisions, and by introducing the safety professional to financial statements (profit and loss, balance sheets) and other financial indicators (e.g., financial ratios and return on investment) used by managers in financial decision making so that the financial benefits of safety programs can be projected in terms managers understand.

Risk Management is a systems-based approach that focuses on the identification of hazards involved in each aspect of the operation, whether it involves aircraft flight operations, cockpit procedures, aircraft maintenance, turn-around, ticketing, scheduling, or baggage handling. As in integral and required part of a Safety Management System, Operational Risk Management formalizes this approach by implementing a logic-driven process to analyze the degree of risk associated with identified hazards, recommending Risk-based solutions, and monitoring the effectiveness of these solutions

·        You will be introduced to modern "risk-based" approaches to safety program management

·        You will learn the process of risk identification and assessments, and will actually employ these techniques in problem solving exercises

·        You will learn how to employ many of the "traditional" tools of the safety manager in a more effective way by addressing and prioritizing key risks within your organization

·        You will be introduced to Risk Management Checklists and procedures specifically developed for Aviation Operations

·        You will be able to develop and implement a risk management program within your organization that meets the guidelines of both civilian and military authorities

PETC Certificate will be issued to all attendees upon course completion.

·        Managers, supervisors and officers dealing with aviation risk management and insurance from airlines, airports, air traffic control organizations, aviation safety organizations, government and suppliers to the aviation industry

·        Legal counsel

·        Security personnel