RISK MANAGEMENT, MEANS OF MINIMISING ACCIDENT IN THE AVIATION INDUSTRY IN NIGERIA

ABSTRACT

Our risk exposures are influenced by our economy, lifestyles, psychical well being, occupation, environment etc., there variables are dynamic therefore risk managers and analyst must be dynamic in their choice of tools to manage risk exposures.  In their choice of tools to manage risk exposures, in this project all the knowledge that might be useful to risk managers, however have been presented in the most important process and readable way.

Consequently, this project have been organized in to five chapters.  Chapter 1 emphasizes on the introduction background of study, statement of problems, and benefits of the study.

Chapter 2 emphasizes on the literature review risk management alternatives, risk analysis past and present accident in the aviation industry.

Chapter 3 emphasizes on the research methodology, primary and secondary data and research design.

Chapter 4 and 5 emphasize on the data presentation and personal interview with the DMD of Slok Airlines and the summary of the major findings, conclusion and recommendations.

This research is written in the partial fulfillment of the requirement for the award of the Higher National Diploma (HND) in Insurance.  Institute of Management and Technology, Enugu.

TABLE OF CONTENTS

Title Page

Approval Page

Dedication 

Acknowledgement 

Abstract 

Table of Contents

CHAPTER ONE

Introduction 

1.1 Background of the Study 

1.2 Statement of the Problems 

1.3 Objective of the Study 

1.4 Research Questions

1.5 Research Hypothesis

1.6 Benefit of the Study 

1.7 Limitations/Scope of the Study

1.8 Definition of Terms  

Reference

CHAPTER TWO

2.1 Review of Related Literature 

2.2 Types of Risk and Insurance Risks

2.3 Risk Management Alternatives 

2.4 Risk Management Process

2.5 Risk Analysis 

2.6 Alkhile diagram on risk management process 

2.7 Alkhile diagram on risk analysis 

2.8 Nigeria Civil Aviation Authority

2.9 Past and Present Accidents in the aviation 

Industry in Nigeria

References  

CHAPTER THREE

Research Methodology

3.1 Source of Data 

3.2 Primary Data

3.3 Secondary Data

3.4 Research Design

3.5 Method of Data Presentation

3.6 Data Analysis

3.7 Decision Rule

3.8 Operation Assumption

References 

CHAPTER FOUR

4.1 Data Presentation and Analysis 

4.2 Data Analysis and Statement of Hypothesis 

References 

CHAPTER FIVE

5.1 Summary of Major Finding

5.2 Conclusion 

5.3 Recommendation

Bibliography 

Appendix

Questionnaire