JEREZ AMSYAR Module 5 Review Questions.docx - 1 Name Jerez Amsyar Student ID 2390191 Date 17th April 2019 MGMT 203(Management for Aeronautical Science

JEREZ AMSYAR Module 5 Review Questions.docx - 1 Name Jerez...

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1 Name: Jerez Amsyar Student ID: 2390191 Date: 17 th April 2019 MGMT 203 (Management for Aeronautical Science) 5.4 – Assignment: Review Questions 1. What is a risk matrix, likelihood of an event and severity of an event, and the descriptions of the two types of events? A risk matrix is used to evaluate risk in industry or in the business world. It’s without a doubt the tool for safety standard in evaluating risks. This matrix is characterized by “probability” and “severity” to determine a safety situation involving an event. These two types of events retain my attention: i) The likelihood of a risk event, such as a runway incursion from other aircrafts or airside vehicles. ii) The likelihood of negative consequences materializing, such as aircraft damage from bird strike.
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2 2. What are the functions of the FAA Air Transportation Oversight System (ATOS), FAA representative role and responsibility, and evaluation factors ? The FAA enables ATOS to provide a regulatory oversight. This oversight provides certifications and the surveillance processes for air carriers. ATOS provides two types of inspections: i) Design Assessment (which assesses the initial design associated with certification and Performance Assessments which monitors and examines the outcomes the systems produce).
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