Risk Oversight & Corrective Action


Course Info

Code IND18-102

Duration 5 Days

Format Classroom

Risk Oversight & Corrective Action

Course Summary

 

The aviation industry is one that comes with a significant amount of risk. To guarantee an environment that is safe for all employees and customers, there should be a strong focus on risk management, primarily risk oversight and corrective action. Investing into this area of risk management will better allow an organisation to recover in times of crisis and minimise physical harm as a risk is occurring.


 

 

Risk oversight is described as the proactive approach to reducing risks through resource allocation, and resource allocation is dependent on the priority of the risk. To discover priority risks, the organisation must conduct risk audits. The process of audits allows the organisation to identify all risks and hazards, their probability, and the detrimental effects on the business and to life. Risk oversight can utilise this information to accurately conclude what risks will have the largest impact and allocate the necessary resources to minimise the probability and damage.


 

 

Alongside risk oversight is corrective action. These processes go hand in hand, and one cannot exist without the other. Corrective action is the response to a risk after it has taken place. Corrective action plans are an essential factor of risk management, and each risk should have multiple possible actions depending on the severity. With the appropriate risk oversight, corrective actions can be as extensive as necessary.


 


 

During this course, you’ll learn:


 

To understand the vitality of risk oversight and corrective action within an organisation.
To assess methods of measuring entities or subjects to determine baseline oversight levels.
To explain the consequences of poor risk oversight and corrective action.
To identify key components throughout the risk audit cycle and what they entail.
To examine identified risks and categorise them based upon various factors, including detriment to health and probability.
To comprehend the concepts, principles, and industry standards of risk-based oversight (RSO).
To utilise various techniques and tools to accurately recognise hazards and risks.
To create corrective action plans dependent on probable risks.

 

This course is designed for anyone within the aviation industry who is responsible for risk management, including risk oversight and corrective actions. It would be most beneficial for:


 

Risk Managers
HSE Officers
Operations Managers
Risk Analysts
Risk Auditors
Chief Safety Officers (CSOs)
Compliance Managers

 

This course uses a variety of adult learning styles to aid full understanding and comprehension. Participants will review real-world examples of organisations with established risk management which includes risk audits and corrective action to highlight identified risks and challenges faced through enacting corrective actions.


 

 

Participants will partake in a variety of learning methods, including seminars, video materials, practical demonstrations, and individual activities. This combination will allow them to develop a full and comprehensive understanding of the taught content, and further opportunities to physically demonstrate and practise the related physical skills.


 


Course Content & Outline

 

Section 1

 

Introduction to Risk Management
The importance of risk management within an aviation organisation.
Identifying what risk management often involves.
Common risks and hazards faced within an aviation organisation and typical preventative measures.
Understanding the consequences of poor risk management on the business, employees, and customers.
Reviewing examples of successful risk management plans and audits.


 

 

Section 2

 

Risk Audit Cycle
Exploring the different stages of the risk audit cycle.
Establishing a plan detailing the process of the audit – what is being assessed, expectations and contingencies.
Arranging on-site visits and interviews to discuss and evaluate the auditing subject.
Utilising an extensive checklist when assessing hazards to ensure full understanding.
Reviewing accident and Injury logs.
Analysing information post-audit, creating a report detailing findings and the next steps.


 

 

Section 3

 

Risk Communication
The vitality of effective risk communication.
Ensuring all risk-based information is accessible for all necessary individuals.
Openly discussing risk and hazard concerns with important personnel and responding to feedback and suggestions.
The key principles of effective risk communication – trust, transparency, early announcement, listening and planning.
Using a Regulatory Safety Management System.


 

 

Section 4

 

Health and Safety Procedures
Utilising information gathered through risk audits and communications to create health and safety procedures to protect individuals.
How to create effective safety procedures – language, format, structure, and accessibility.
Understanding the importance of most preventative and corrective actions.
Implementing both preventative and corrective actions for each identified risk.
Methods of corrective action and allocating resources to fully carry out these methods.


 

 

Section 5

 

Roles and Responsibilities
Designating a leader in charge of risk management.
Who roles within an organisation are involved within risk management.
Responsibilities of risk managers, risk analysts and risk auditors.
Typical experience and skills required for these roles.


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Course Video