This handbook is a tool designed to help recognize and manage risk. It provides a higher level of training to the pilot in command (PIC) who wishes to aspire to a greater understanding of the aviation environment and become a better pilot. This handbook is for pilots of all aircraft from Weight-Shift Control (WSC) to a Piper Cub, a Twin Beechcraft, or a Boeing 747. A pilot's continued interest in building skills is paramount for safe flight and can assist in rising above the challenges which face pilots of all backgrounds. Some basic tools are provided in this handbook for developing a competent evaluation of one's surroundings that allows for assessing risk and thereby managing it in a positive manner. Risk management is examined by reviewing the components that affect risk thereby allowing the pilot to be better prepared to mitigate risk.