Which of the following is NOT one of the 4 Risk Management Principles?

Which of the following is NOT one of the 4 Risk Management Principles?

• A. Integrate Risk Management into Operations and Planning
• B. Accept No Unnecessary Risk
• C. Ensure all risks are eliminated
• D. Make Risk Decisions at the Appropriate Level

Answer: (C)

The principle of ensuring that all risks are eliminated is not one of the recognized principles of Risk Management. In practice, it is often impossible to eliminate all risks completely; rather, effective risk management focuses on understanding, assessing, and mitigating risks to an acceptable level. This involves identifying risks, analyzing their potential impact, and determining how to manage them without striving for complete elimination. The other principles recognized in Risk Management emphasize proactive integration of risk management into operational procedures, ensuring that unnecessary risks are not taken, and making informed risk decisions at appropriate levels of leadership. These principles support a balanced approach to risk, acknowledging that some level of risk is intrinsic to operations and decision-making processes.

The principle of ensuring that all risks are eliminated is not one of the recognized principles of Risk Management. In practice, it is often impossible to eliminate all risks completely; rather, effective risk management focuses on understanding, assessing, and mitigating risks to an acceptable level. This involves identifying risks, analyzing their potential impact, and determining how to manage them without striving for complete elimination.

The other principles recognized in Risk Management emphasize proactive integration of risk management into operational procedures, ensuring that unnecessary risks are not taken, and making informed risk decisions at appropriate levels of leadership. These principles support a balanced approach to risk, acknowledging that some level of risk is intrinsic to operations and decision-making processes.