Business and Commercial Aviation just published a great example of risk management for consideration not only by pilots but also by other interested parties in the world of aviation safety. I specifically like one of the opening statements in this article: “As pilots, we know … there will always be a level of risk.” If only we all understood that simple point. Even in commercial aviation, where there are a tremendous number of regulatory constraints, organizations need to constantly work on reducing the ever-present level of risk.
To me, this can be a lot like trying to get more value for the money you spend. It often comes down to a math problem in which there is …
