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Introduction:
Risk management as we know it today has been one of the major concerns in industrial
environment to reduce vulnerability and chances of a hazard. All working environments are
associated with some sort of risks. The assessment of risk allows the organisations to understand
the susceptibility of the assets with regards to the operations of the organisations. The Risk
management is an integral part of managing operations and plays a vital role in the various
hazardous and dynamic environments. The Risk management allows the organisation to provide a
concrete framework that ensures the safety of the stakeholders and their investments.
The airline industry is one of the most diverse and complex industries and are engaged in one of
the most risky sectors of business. Risk management is extremely essential for the development
safe work practices and for reducing the chances of hazards. The airline industry operates within
stringent environments and a host of risks are related with its operation. The airline industry is not
involved in ferrying passengers and goods through airlines but involves a huge internally driven
risks, technological risks and resource oriented risks. These risks needs to be managed adequately
and therefore a proper risk management framework of system is essential.
This article will look into the risk management framework of an airline company that has started
operations with a fleet of second hand aircrafts, maintenance facility and passenger handling
facility. Before we understand the risk management system of the industries, we have to
understand the various aspects of risk management and the international guidelines of the risk
management frameworks that are in practice.
The risk management system also identifies the various roles and interdependency among the
various departments of the airline company. The adoption of the risk management system also
provides an option for the development of new roles and identifies the role that each department
has to play in times of emergency or crisis. The comprehensive management of risks can only be
materialized through an effective risks management system that is implemented form time to time.
The ICAO Safety Management Manual is one of the major manuals that lays down of the guidance
of safety management in the in the airline industry. The manual is designed to define the best
practices I every department of the airline industry. The manual takes into account the State Safety
Programme and the International Standards and Recommended Practices (SARPs). This manual
provides several annexures that describe the safety management guidelines in the various sections
of the issues with the Personnel Licensing, the Operation of Aircraft, the Airworthiness of Aircraft,
Airport Safety Management 3
safety related to Air Traffic Services, the most important Aircraft Accident and Incident
Investigation and guidelines related to Aerodromes, the volume also describe in detail about
Aerodrome Design and Operations and the safety practices that are designed. This manual provides
a systematic guideline for establishment of safety practices.
The safety management practices in the airline industry is designed to be activated after incidents
have occurred or taken place. The ICAO approach is technical document to address crisis situations.
The airlines are exposed to several risks and include fatigue related risks and hazards. The risk
management system allows identification of the hazards well before time and develop the basic system
that checks the hazards and risks in advance therefore reducing the risks in time. The major process
that re followed in any risk management system include the various aspects of risk or hazard
identification,
Conclusion:
The general person thinks about risk management as the avoidance of accidents or hazards.
However the complete risk management system involves the engagement of a regulatory
framework and implementation of a safety practice policy that complements risk management
system. A risk management system considers all the aspects the hazards and includes safety policy,
safety risk management and safety assurance. A complete safety management system involves the
various aspects of designing the safety policy, implementing the safety risk management
framework. The safety assurance is also one of the major aspects that determine the safety
management system in the airline industry.