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The Current Risk Management Policies Processes and Procedures in Qantas Airline

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Added on  2020-02-18

The Current Risk Management Policies Processes and Procedures in Qantas Airline

   Added on 2020-02-18

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Running head:MANAGING RISKManaging RiskName of the Student:Name of the University:Author’s Note:
The Current Risk Management Policies Processes and Procedures in Qantas Airline_1
2MANAGING RISKTable of Contents1. Identification of the current risk management policies processes and procedures in context ofQantas Airline..................................................................................................................................32. Scope of the risk management.....................................................................................................33. Impact of different factors on risk management..........................................................................34. Critical success factor..................................................................................................................45. Identification of the stakeholders.................................................................................................46. Communication process with the stakeholders............................................................................47. Description of the support level for risk management.................................................................5References........................................................................................................................................6
The Current Risk Management Policies Processes and Procedures in Qantas Airline_2
3MANAGING RISK1. Identification of the current risk management policies processes and procedures incontext of Qantas AirlineQantas airline has undertaken specific safety policies and procedures in order to managethe risk. However, it is important for the aviation industry to take good steps for riskmanagement (Yilmaz and Flouris 2017). Identification of risk and hazards in the workplace is avital process o such organization to manage risk. Therefore, analysis, control and monitoring therisk are the major processes of such organization. Protection of airspace and reduction ofdangerous goods are undertaken by this organization to reduce risk. This organization followsAustralian Transport Safety policy ATSB). Among such risk management proceduresidentification of the risk is considered as the strength while maintenance only ATSB policy isconsidered as the weakness of such organization. However, this organization needs to followmore policies of the airline government to reduce risk.2. Scope of the risk managementEstablishment of an efficient organizational framework can be done by managing risk(Wada et al. 2017). However, in the context of Qantas airline identification of the hazards in theworkplace leads this organization to understand the background of the risk. Development of theeffective framework is considered as the scope of risk management as a safe working cultureenhances the organizational performance by providing a healthy environment to the stakeholders.
The Current Risk Management Policies Processes and Procedures in Qantas Airline_3

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