What are the principles of risk management in aviation?

The principles of risk management in aviation involve a systematic approach to ensure safety by addressing potential hazards. The correct response outlines a comprehensive framework that includes the fundamental steps necessary for effective risk management: identifying hazards, assessing risks, mitigating risks, and evaluating performance.

Firstly, identifying hazards is crucial; this involves recognizing anything that could potentially cause harm during flight operations. Once hazards are identified, assessing risks involves understanding the likelihood of various hazards leading to incidents, along with the potential consequences of those incidents. This helps prioritize which risks need immediate attention.

Mitigation of risks focuses on implementing strategies to reduce or eliminate the identified risks. This can include operational procedures, training, or equipment modifications. Finally, evaluating performance is about reviewing the effectiveness of the mitigation strategies and ensuring that they are achieving the desired safety outcomes. This continuous cycle of assessment and adjustment helps to maintain and improve safety standards in aviation operations.

The other options do not encompass the complete and systematic process required for thorough risk management. They focus too narrowly or lack essential elements such as the evaluation phase and proper risk assessment procedures, making them less effective in ensuring safety in aviation.