Risk Management provides a structured way of identifying and analysing potential risks, and devising and implementing responses appropriate to their impact. These responses generally draw on strategies of risk prevention, risk transfer, impact mitigation or risk acceptance. With all the activities that we do, each of these strategies may have application for different individual risks.
Risk analysis is a part of Risk Management. It applies to all decision-making activities, and it addresses the question: What might go wrong as compared with expectations? Risk Management, as well as asking this question, seeks to resolve: What should be done about this?
Risk Management processes assist the organisation and its management to systematically identify risks and develop measures to address them and their consequences. The aim is to produce more reliable planning, greater certainty about financial and management outcomes and improved decision making.
The documents hereunder comprise the Risk Management Toolkit for the Gliding Federation of Australia, its affiliated clubs and members. It is designed to help you identify key risks to your outputs, whether these are in Operations, Airworthiness, Administration or Individual activities.
The Risk Management Toolkit Documents can be found by clicking this link.