Organisations must accept that Risk Management is not going to solve all issues.

Once implemented correctly, Risk Management will improve various activities and prepare us for future uncertainties, but there are limitations to Risk Management Schemes.

Accidents occur no matter how much we prepare for them,

It will not defer all risk from the organisation,

It aids decision making, it doesn’t make decisions.

From this we can see that no matter how hard a business tries, risk cannot be completely removed. In fact, the only way to completely remove risks is to stop operations altogether as there will be no resources left to be put in vulnerable positions (yet this would quite obviously be a terrible decision). Even by conducting day-to-day operations, organisations are still subject to risk.

But risk management isn’t about trying to remove all risks from a business. Risk management will reduce the likelihood and impact of risks allowing us to be fully prepared when negative risk arises, not remove them completely.