Topic: inherent problems in risk management

Inherent Problems in Risk Management

When a new methodology is introduced, people tend to
refuse change.  They feel that change would find difficulty
for others to adapt compared to doing the task they are
used to perform.  But there is a need to adjust if the
organization feels that there is a need for change. 
Some of the inherent problems in risk management
are as follows:

1.  When people within the organization look at risk
     being too general.   A risk being too general creates
     real problem, thus the reasons should be named and
     not the result.

2. When people within the organization look at risk
     being too detailed.  It is difficult for others to
     understand when the risk management discussed is
     too detail and chances of low rate is expected. 

3. When people within the organization fails to create
      a risk avoidance plan.  It is easy to name a threat
      but finding solution such as emergency plan is
     difficult.  Think of things that should be done
     other than regular process.  .A contingent plan
      should be readily be available.

4.  When people within the organization failed to
      evaluate the risk management undertaken
      especially when change has taken place.

5.  When people within the organization do not
      see risk management as important.  Unless
      you believe that the work is something you
      have to do, you have the tendency to work
      on it.  However, if you feel that it is unnecessary
      it is most likely that cooperation will not be attained.

6.  When people within the organization do not believe
      in the process.  When people refuse to believe in
      the process and resolve the issue, you need to
      show other how it works and enjoin others to
      participate.  Do it as a team.

Confidence is the key to make risk management works
despite the inherent problems encountered.  The need to
convince your team to participate is a step towards
accomplishing your objective.