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Risk
Assessment and Management by Lynnwood Yates and Daria Lee Sharman, Wyle Laboratories, Inc. |
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Risk management in
military aviation has been a formal discipline in the field
since the 1960’s. The risk standards issued by the Department of
Defense in 1969 was entitled "DoD Standard Practice for System
Safety", MIL-STD-882. Air Force wide, the examples set forth in
this standard have been used as though they were a required set
of probabilities rather than examples. The semi-quantitative
approach used today is further devalued by manager’s arbitrary
use of the Hazard Risk Matrix levels to mandate action. This
paper examines the alternatives available today and recommends
incorporation of a quantitative approach for more fidelity in
risk management at all levels of management. Editors Note: Although this paper is aimed at military aviation, the information on risk assessment and management is applicable to most industries as well. |
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