Risk Mitigation Strategy
Risk Mitigation Strategy refers to the plan of action designed to reduce or eliminate the potential harm or damage caused by identified risks in aviation operations. It involves identifying, assessing, and prioritizing risks, followed by the development and implementation of measures to reduce the likelihood of occurrence or impact of the identified risks. The strategy may include risk avoidance, risk reduction, risk transfer, or risk acceptance. Risk mitigation strategy is an essential component of aviation safety management systems, and it helps to ensure that aviation operations are conducted in a safe and efficient manner.
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