Exhibit 1, 330 FW 5
The Risk Management Process

Date:  March 24, 2008

Series: Aviation

Part 330: Aviation Management

Originating Office: Office of Aviation Management



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4 Principles of Risk Management:                    


1.  Manage risk in the planning stage.

2.  Do not accept unnecessary risk.

3.  Make risk decisions at the proper level.

4.  Accept risks only when benefits outweigh costs.


Fundamentals of Risk Management:


1.  The higher the risk, the more senior the final decision maker should be.

2.  When in the higher risk zone, everyone from the Service Director to the

     individual employee must be aware of the hazards involved and the risk


3.  All risk variations that can be controlled must be controlled.

4.  Conduct all operations by the book. Disciplined operations are mandatory.


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