Risk Assessments And Exposure
Risk assessments are tools to prioritize risks and assign risk values to specific events. Higher risks values have greater safety impact to operations and are affecting operational processes more immediate than lower risk factors. A high number is an immediate shutdown, while a low number that no action is required. A risk is an active condition, but if left alone without mitigation or removal, will cause harm to person or property. Aircraft parts are manufactured and tested to perform within parameters. The risk value number is a factor derived from a risk matrix with assigned categories of probability, severity and exposure. This formula is calculated by probability x severity x exposure = risk factor. Risk factors are assigned numbers for acceptance, mitigation, or not acceptable and colored green, yellow and red respectively. A risk is not a latent hazard, but an active condition at the time and location of intercepting an airport, or aircraft in flight or taxiing. At one end of t