The Implementation Of Risk Management In An Aerospace Manufacturing Company

Effendi , Mohamad and Adi , Saptari and Rohana , Abdullah (2012) The Implementation Of Risk Management In An Aerospace Manufacturing Company. Project Report. UTeM, Melaka, Malaysia. (Submitted)

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Abstract

This research presents the study of risk management implementation in an aerospace manufacturing company. The process of risk management was performed in CTRM AC SDN BHD. The company needs to implement risk management to secure the mission and visions of the company are not affected by the potential risks. The objectives are to study the nature of risk management, develop a structure of risk management process, and to measure the effectiveness of the implementation at this company. The study focuses on the process of managing operational risks of the company by adopting the AS/NZS 4360:2004 Risk Management Standards as reference. The training's methods, brainstorming, checklist, survey and questionnaires, and risk score matrix are used during the study. A structure of risk management process is developed and implemented at Strategic Development Department (SDD) and Paint Shop Department (PD) as a pilot study. The structure consists of risk assessment including risks identification, risks analysis, risks evaluation, and risks treatment. The effectiveness of the implementation is measured by how many basic requirements are fulfilled. It is also measured by determining which components is improved and significantly changed due to the implementation.

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