What is the second step in the Risk Management Process?

What is the second step in the Risk Management Process?

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

Answer: (A)

Assessing the risk follows identifying hazards. Once you’ve listed what could cause harm, the next move is to determine how serious each hazard could be and how likely it is to occur. This involves evaluating both the potential consequence (severity) and the probability, often using a risk matrix to translate those factors into a risk level (low, medium, high). Understanding the risk level helps you prioritize which hazards need controls and what kind of mitigations to apply. For example, if a weather forecast indicates possible severe icing, you’d assess the risk by considering how likely icing is at the planned altitude and how severe it could be for control and performance. If the risk is high, you’d look at mitigations such as altering the flight plan, delaying the flight, or changing altitude. Documentation and implementing mitigations come after the risk is assessed, but the step that determines the action priority is the assessment itself.

Assessing the risk follows identifying hazards. Once you’ve listed what could cause harm, the next move is to determine how serious each hazard could be and how likely it is to occur. This involves evaluating both the potential consequence (severity) and the probability, often using a risk matrix to translate those factors into a risk level (low, medium, high). Understanding the risk level helps you prioritize which hazards need controls and what kind of mitigations to apply.

For example, if a weather forecast indicates possible severe icing, you’d assess the risk by considering how likely icing is at the planned altitude and how severe it could be for control and performance. If the risk is high, you’d look at mitigations such as altering the flight plan, delaying the flight, or changing altitude. Documentation and implementing mitigations come after the risk is assessed, but the step that determines the action priority is the assessment itself.