Risk is often defined as the chance of something happening, measured in terms of probability and impact. At Life Flight International Inc., a principal risk is defined as the chance of something happening, measured in terms of probability and impact that may adversely affect the achievement of Life Flight International’s strategic, operational or major business objectives.
Risk management is a structured and disciplined approach to assessing and managing the uncertainties that Life Flight International Inc. faces as it creates value and preserves value.
Life Flight International Inc. believes risk is an accepted part of our business. Effectively managing risk is a competitive necessity and an integral part of creating a safe atmosphere through good business practices designed to ensure that Life Flight International Inc. achieves its strategic, operational and safety objectives, and protects its corporate reputation, values, staff, clients and integrity. Life Flight International Inc. acknowledges that all activity has an element of risk and that not all risks can or should be transferred. Life Flight International Inc. is committed to managing risks. Since many risks can impact our reputation and clients, all risks must be evaluated in terms of the potential impact on our clients, staff and reputation.
Before any transfer takes place, a Risk Management Assessment document is produce to all fight crew, identifying probable risk if any.
