Risk Acceptance Criteria (RAC) In Application to Maintenance Management of Aerospace Systems
Table of Contents
Acknowledgements
Executive Summary
Introduction
Research Background
Risk Assessment
Risk Acceptance Criteria
Maintenance Management
Human Safety Approach
Individual Risk Criteria
Social Risk Criteria
Safety Cost-Benefit Approach
Human Safety
Advantages And Limitations Of Risk Acceptance Criteria
Alaska Airlines Case Study
Abbreviations
RAC Risk Acceptance Criteria
FAA Federal Aviation Administration
FMEA Failure Mode Effects Analysis
ALARP As Low as Reasonable Practicable
ATM Air Traffic Management
QRA Quantitative Risk Assessment NPD New Product Development
Executive Summary
In the contemporary society of ever-changing businesses landscapes, innovative projects and improvement of technology play a critical role in establishing and maintaining a competitive advantage for many organizations. However, such technology does not always guarantee safety for its users. The safer a system, technology, service, or process is, the easier and faster people embrace it (Busch, 2014). For this reason, it is essential for industries such as the aviation sector that provide direct and sensitive services to the public to have rules that control them as they strive to maintain their systems for public safety. The maintenance management of the aerospace system takes into consideration the possible risks that the systems in the aviation industry pose to the public (Busch, 2014). The management then sets up strategies and measures to minimize the probability of occurrence of the risk or the magnitude of damage that is likely to be caused as a result of the occurrence of the risk. Since it is impossible to have any systems without risks, it is necessary for the aviation sector to have effective risk acceptance criteria (RAC) rather than trying to eliminate the risks out of the systems (Arnold, et al., 2012). These factors have guided this paper to focus on the risk acceptance criteria and how it is applied in the maintenance management of aerospace systems as these systems become more complex and more demanding, due to the rising awareness in terms of safety threshold and so on (Amouzegar, et al., 2002). The proposition here is that which indicts the said criterion individually and how they are linked up with the rest, in terms of general application and in terms of curbing the risk that may arise from any sort of risk acceptance. The proposition is that of developing a befitting risk acceptance criteria that is applicable to the maintenance of the aerospace systems in a way that is lucid to the anybody not in possession of an expert's understanding of aerospace systems (Carretero, 2003).
The research design and the problem solving approach used in the study gives enough background enabling the problem to be placed in the plain context of common knowledge while at the same time …
