Risk Management Icon

Risk Management

AMS Policy Section 4.13 Icon AMS Policy Section 4.13

Risk management is applied throughout the AMS lifecycle management process to identify and mitigate risks associated with achieving FAA goals and objectives.

What Must be Done

Identify and assess risk areas, develop and execute risk mitigation strategies, track and evaluate mitigation efforts, continue mitigation activity until risk and its consequences are reduced to acceptable levels.

Who Does It

Each line of business institutes a risk management process.
Service teams and program offices manage risks within their investment programs.

Who Approves

Approval authorities are specified in line of business risk management processes.

Key Outputs and Products

  • Operational risks associated with service gaps
  • Operational risks associated with new service concepts
  • Risks associated with alternative solutions to service need
  • Program risk management plan

Toolkit

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