Risk management

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Link Semantic Value
Term risk management
Status


Mandatory for


Contexts

EAEA

Categories
Synonyms


Related entries


Broader term


Narrower term


Abbreviation

Definition

The systematic application of management policies, procedures and practices to the tasks of: establishing the context of, identifying, analysing, evaluating and treating risks; monitoring the implementation of treatments; and communicating about risk.

Definition Source

ICAO (2009) doc. 9883, Manual on Global Performance of the Air Navigation System

Note

Risk management plays a role in performance management when dealing with rare events or when there is uncertainty associated with influencing factors — while recognizing that the occurrence of such events can have a severe impact on meeting the performance expectations. Risk management applies in all KPAs, but as a technique it is mainly used in the safety and security areas.