Chapter 3
Risk and Risk Management
1. Describe how a risk can be considered “acceptable.”
Residual risk includes those risks that are considered “acceptable” as well as those that
occurrence opportunity.
3. Explain who should be involved in the risk assessment process and why.
The safety committee or safety focus group should be involved to demonstrate the
5. Describe the FAA System Safety TEAM approach.
TEAM stands for transfer, eliminate, accept, and mitigate. The Transferring of risk is a
