ABSTRACT

Much of what is written about risk management concentrates on processes, and indeed that was the focus of the last chapter. This might lead us to conclude that process is all that really matters when seeking to manage risk. If an individual, team or organisation pays attention to ensuring execution of a good robust risk process, supported by the Three Ts of Tools, Techniques and Training, then surely that is all that can be expected of them. They believe that faithfully following the process will inevitably lead to success, and indeed the main measure of risk management success can be equated by some with mere compliance to the approved risk process.