Risk Management

Our Program Managers use numerous tools to assess the risks associated with customers programs and projects. Risk management is a key function performed routinely on programs and projects of significant magnitude as well as normal operations. We have documented processes along with operating procedures on how and when to create risk assessments. We also utilize customer-driven risk mitigation plans when requested.

Once an initial risk analysis has been completed, a team is formed and a detail assessment is performed that includes all functional departments affected. That team looks at all factors associated with the risk and develops mitigation plans that can be put in place quickly to overcome the issue, if a given risk threshold is crossed. We identify, monitor, and reduce probability of occurrence, along with executing response plans. Once the assessment is completed, we track and measure that risk until it is no longer considered a threat or risk to that project or the project is successfully completed.

CoastRisk

AIP Aerospace 2016