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discuss the following post , are you agree or disagree , Risk management failures or sequence of events or any type of events where risk
discuss the following post are you agree or disagree
Risk management failures or sequence of events or any type of events where risk management techniques practices or behaviors that aims to identify measure and mitigate risks fail to perform according to expectations thereby exposing the individual or organization to elevated unanticipated degrees of risk. There are serval risk management failures. It also is a result of bad judgment, behavior issues. The lack of communication and undermining issues that occurred is also a factor of risk management failure. You have to be able to communicate effectively in order to avoid failures.
some weaknesses of risk management.
high cost
unpredictability
resistance to change
complexity of risk management is a comexprocesd that involves the identification, assessment,and mitigation of risks in all areas of the company
Risk management is a well put together is a process involving identifying, assessing potential threats can affect organization..
Not having a safe workplace can be a risk management failure when an employee has an accident because a piece of equipment was left out on the floor.
Ensuring patient safety especially in the hospital environment. Some failed procedures misdiagnosed, giving the wrong medication are all examples of risk management failures.
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