identification allows the AERD to identify risks so that it becomes aware
of potential problems. Also, risk identification must be undertaken as
early as possible, and it should be repeated frequently.
Risk Statement – A risk statement provides
the clarity and descriptive information required for a logical and strong
assessment of the risk’s occurrence probability and areas of
Analyze and prioritize – Risk analysis transforms the
estimates or data about specific risks that developed during risk
identification into a consistent form that can be used to make decisions
Risk Mitigation –
The process by which AERD introduces specific measures to
minimize or eliminate unacceptable risks associated with its operations.
Categorization, Risk Mitigation Plan, and Implementation – Risk mitigation planning is the process of
developing options and actions to enhance opportunities and reduce threats
to AERD objectives, also Risk Mitigation Plan includes tracking,
identified risks, evaluating risk, and categorizing risks. Furthermore,
AERD Takes into consideration the implementation of executing risk
Track, Report and Control – AERD uses Risk tracking to monitors the
conditions of specific risks and their progress in the action plan, also
it includes observing the impact, exposure, probability, and other factors
of risk. While Risk reporting is used to ensure that all operations staff,
service managers, and stakeholders are aware of the situations of high
risks and their managing plan. Risk control is the method by which AERD
execute risk action plans and their associated status reporting. also Risk
control includes lunching change control requests when changes in risk
status or risk plans could affect the availability of the service.
Risk Database –
The new reports will be communicated within AERD and updated in the AERD
Risk Management Database.