Latest Updated (Graded A+)- Liberty University
Quiz Risk Management
Question 1
pts
Likelihood of an event is nothing more than taking a situation and
determining the probability of its occurrence. What are the four (4)
guidelines for making assignments? (FAA Risk Management Handbook)
Probable, Occasional, Remote, Improbable
Catastrophic, Critical, Marginal, Negligible
Probable, Critical, Remote, Negligible
Catastrophic, Occasional, Marginal, Improbable
Question 2
pts
According to the FAA Risk Management Handbook, Unidentified Risk is
defined as:
The sum of identified and unidentified risks.
Risk not yet identified.
Risk that cannot be tolerated by the managing activity.
Risk that has been determined through various analysis techniques.
, Question 3
pts
With regards to Human Factors, why is measuring impact and return on
investment important? (select all that apply) (Operator’s Manual – Human
Factors in Aviation Maintenance)
Human Factors programs and some safety interventions are not mandated
by regulation. Therefore, they must have demonstrable safety and cost
impact.
Impact statements and Return on Investment (ROI) calculations help
maintenance and safety managers to offer a mid- and long-term view of such
investments.
Motivation and enthusiasm for programs will continue as long as there is a
quantifiable programmatic impact and financial payback.
Sustainable safety and human factors programs should have a plan to collect
measurable impact data to demonstrate Return on Investment (ROI).
Question 4
pts
What are some key performance indicators are used to determine if your HF
training is effective? (select all that apply) (Operator’s Manual – Human
Factors in Aviation Maintenance)
Workforce acceptance/approval of the training experience
Workforce is not complaining
Initial increase in reported events because of improved awareness