DEF : The capacity of an entity to learn from past experiences and to take action necessary in order to enhance the level of safety within the organisation, responding to risk
DEF : A formal process to manage changes within an organisation in a systematic manner, so that changes which may impact identified hazards and risk mitigation strategies are accounted for, before the implementation of such changes
DEF : The act of sharing information with targeted audiences in order to promote awareness and understanding of risk, whereas consultation involves obtaining feedback and information to support decision-making.
DEF : An accessible guide/set of instructions that includes the policies and processes that describe the organisation’s safety management system and processes;
DEF : The natural consequence of having humans and indicates how safety is perceived, valued and prioritised by management and employees in an organisation
DEF : An integral component of a service provider’s SRM process to mitigate actions, processes and controls to effectively manage aviation-related emergencies.
DEF : Properties that are in the process of coming into being, explicable in terms of relations between elements in the system but not the elements themselves (non-decomposable)
DEF : A method or system of management that guides the course of the organisation, its external and internal relationships, and the rules, processes and practices needed to achieve its purpose
DEF : Outputs from risk management processes may form a stream of information that is separate from the other information required to successfully manage organisation
DEF : The assimilation of risk information into existing (day-to-day ) management activities and integration of risk management into governance and all other activities of the organisation influence its effectiveness
DEF : The skills and know-how of an organisation’s personnel, in addition to their commitment and motivation – which affect their ability to fulfill their roles
DEF : The chance of something happening, whether defined, measured or determined objectively or subjectively, qualitatively or quantitatively, and described using general terms or mathematically
DEF : Framework of policies, processes and procedures employed by an organisation to ensure that it can fulfill required tasks to achieve its purpose and objective
DEF : Process of planning, gathering and analysing information, recording results and providing feedback in order to to assure and improve the quality and effectiveness of process design, implementation and outcome
DEF : The stock of renewable and non-renewable natural resources (e.g., plants, animals, air, water, soils, minerals) that combine to yield a flow of benefits to people
DEF : Extract information from historical and current data and use it to predict trends and behaviour patterns, in order to identify emerging risks and
opportunities
DEF : An integral part of the organisation’s governance and should enhance the quality of dialogue with stakeholders and support top management and oversight bodies in meeting their responsibilities
DEF : A series of actions conducted in a certain manner- a system in which reports are evaluated, processed (within defined time scales), analysed and stored, with feedback about actions taken/not taken
DEF : The ability to anticipate and respond to change; the ability to anticipate and respond to a complex and interconnected array of risks that threaten the strategy and objectives.
DEF : Allocate roles to team members in such a way that the roles are coordinated to achieve the team's goals and that team members take responsibility for their individual roles
DEF : Overall process of risk identification, risk analysis and risk evaluation, that should be conducted systematically, iteratively and collaboratively, drawing on the knowledge and views of stakeholders.
DEF : The systematic application of policies, procedures and practices to the activities of communicating and consulting, establishing the context and assessing, treating, monitoring, reviewing, recording and reporting risk
DEF : Tools/techniques, risk classification, assessment procedures, responding to incidents and events, documentation, training and communication, audit procedures
DEF : The process of incorporating defences, preventive controls or recovery measures to lower the severity
and/or likelihood of a hazard’s projected consequence
DEF : A composite view of the risk assumed at a particular level of the entity, or aspect of the business that positions management to consider the types, severity and interdependencies of risks and how they may affect performance relative to the strategy and business objectives
DEF : Select and implement of risk treatment options for addressing risk, balancing the potential benefit derived in relation to the achievement of the objectives against costs, effort or disadvantages of implementation.
DEF : A number of different ways in which risks are categorised. A few categories that are commonly used operational risk, strategic risk, liquidity risk, and event risk
DEF : State of being responsible for the provision of resources, implementation and maintenance of an effective SMS, and to monitor, review and improve its performance
DEF : Person responsible to the accountable executive for the performance of
the SMS and for the delivery of safety services to the other departments in the organisation
DEF : Objectives consistent with the safety policy which form a basis for performance monitoring and measurement, lead to an improvement in process/outcomes, contribute to the development of a positive safety culture, and are regularly reviewed and communicated throughout the organisation to ensure relevance.
DEF : Person responsible to the accountable executive for the performance of the SMS and for the delivery of safety services to the other departments in the organisation
DEF : Strategic investment decision making involves the process of identifying, evaluating, and selecting among projects that are likely to have a big impact on a company's competitive advantage.
DEF : A knowledge cycle of learning whereby tacit know-how is accumulated through practical experience, made explicit when one is learning new skills, and further automatised and increasingly tacit with practice.
DEF : An outcome that has relative worth, merit or importance in the context of collective(cultural) values.
an entity’s value is created, preserved, eroded or realised based on the relationship between the benefits derived from resources deployed and the cost of those resources.
DEF : The process of establishing the truth/accuracy/validity of something (of risk controls); Comparison of performance with reference to SPIS and targets
DEF : A dimension of social relations - people work with others. To cooperate with someone in order to perform some task, activity, responsibility, etc