This online interactive and NBAA-approved Professional Development Program (PDP) course covers the Business Management 8 (BM8) objective in entirety. The BM8 objective has four sub-objectives. Each sub-objective has a video lesson, ebook, and bonus audio MP3 of the video lesson. The course includes quizzes, discussions, and a certificate of completion. Completion of this course requires approximately 2.25 hours. It need NOT be completed in one sitting.
Topics covered in this course:
- a. Recognize basic risk management principles (e.g., history of risk management; types, assessments and responses to possible risks)
- b. Identify and categorize specific risks potentially facing an organization with respect to the aviation function (e.g., civil-liability risks; regulatory compliance risks; tax planning risks)
- c. Develop specific responses available to address each identified risk (e.g., avoid, reduce or mitigate, share or insure against, accept, exploit)
- d. Determine organization’s existing risk management structure and communicate aviation risks and responses