Sofema Online www.sofemaonline.com (SOL) considers the fundamental aspects of Aviation Business Risk Management.

Introduction

EASA is increasingly focusing on the introduction of Performance (Risk) Based Regulation (PBR) as a complement to a Prescriptive (Compliance Based) Regulation. With the goal of ensuring the best allocation of resources to both understand the risk facing the business together with the development of appropriate mitigations.

Risk Management should be considered a top-down process aimed at both understanding the scope of risks that the company faces and developing appropriate mitigations.

Risk management is essential to the ongoing well-being of the organisation and needs to be integrated into the basic operations of the organisation at all levels.