Risk oversight and management
CASA applies an enterprise-wide risk management approach across its extensive range of activities to identify, analyse and manage risks, ensuring that all decisions are well informed and evidence based and contribute effectively to its vision of Safe skies for all.
All aviation activity involves a degree of risk, and it is a key element of CASA's role to understand the nature and full dimensions of the risks it oversees. In undertaking its regulatory function, CASA faces a variety of potential risks, such as failure to detect breaches of safety and maintenance standards, incorrect or inconsistent application of regulatory standards, ineffective stakeholder engagement, and failure to properly carry out statutory responsibilities. The identification, analysis, treatment, monitoring and review of risk are embedded into all CASA functions and contribute directly to the effective and efficient achievement of CASA's corporate goals.
CASA's risk appetite is directly linked to the achievement of its three key goals and success in its key performance areas.
CASA's enterprise wide Risk Management Policy and Framework underpins our approach which promotes risk based decision making to minimise exposure to risk and maximise the achievement of CASA goals and its performance in the most efficient and effective manner.
CASA has a low risk appetite relating to aviation safety and employee health and safety, with a marginally higher risk appetite regarding stakeholder engagement and organisational performance.
This is met through the application of a risk tolerance matrix contained within the Risk Management Framework which incorporates the 'As Low As Reasonably Practicable' (ALARP) principle to the context in which any decision is being made or activity undertaken.
Reducing aviation safety risks to reasonably practicable levels will take priority over other business objectives, however CASA actively seeks opportunities for improvement across all aspects of its business to achieve its goals and vision. We are open to new ideas and encourage and support innovation to identify new solutions. The Board encourages all staff to actively look for innovative ways to improve the efficiency and effectiveness of CASA functions and service delivery in accordance with the Risk Management Framework.
CASA reviews and updates its risk management policy and practices annually to ensure that they remain aligned with current best practice and accord with the principles outlined in the Australian and New Zealand International Standards Organisation Risk Management - Principles and Guidelines (AS/ NZS ISO31000:2009). CASA utilises the annual Comcover risk management benchmarking survey as an independent performance measure of its risk management practices and maturity levels with a target of maintaining its position in the top quartile of all Commonwealth entities.
CASA has an overarching Strategic Risk Management and Audit Plan (SRMAP), which is a four year planning document, reviewed and updated annually and approved by the Board in June each year. The SRMAP is a consolidation of the Business and Risk Management Plans (BRMP) for each Group/Branch. The BRMPs ensure all activities conducted within each division are clearly aligned to the corporate goals and key performance areas. It also ensures that all key risks are identified and transparently documented including strategies to address, manage and mitigate the high risk elements. This is particularly relevant to enable the planning and allocation of resources in the most efficient and effective manner.
CASA has embedded specific risk management practices in all key processes including:
- Entry control
- Enforcement procedures
- Standards development
- Financial management
- Project management
- Work Health and Safety
- Human factors
- Airspace administration
- Protective security
- Internal audit
- Quality assurance.
- Business continuity management