How do risk management processes support decision-making in AMQS?

• A. Identify hazards, assess likelihood and consequence, implement mitigations, monitor residual risk, and adjust plans to maintain safety and cost-effectiveness.
• B. Only identify hazards, with no further action.
• C. Risk management is optional in AMQS.
• D. Focus only on cost savings.

Answer: (D)

Risk management in AMQS provides a structured, evidence-based way to turn uncertainty into action, guiding decisions about safety and resources. It starts with identifying hazards and then assessing risk by evaluating both how likely the hazard is and how severe its consequences would be. With that understanding, decisions are made about which mitigations to implement, what controls are needed, and how to allocate limited resources. Residual risk is continuously monitored, and plans are adjusted as new information or conditions change, so safety remains protected while pursuing cost-effectiveness and other program goals. This approach helps decision-makers see where the biggest risks are, weigh trade-offs between safety and cost or schedule, and justify actions with a clear risk-based rationale. Options that stop at simply identifying hazards, treat risk management as optional, or focus only on cost savings do not provide the full, ongoing framework needed to inform sound decisions in AMQS.