What is a consequence of poor risk management?

A consequence of poor risk management is increased incidents and accidents. When risk management practices are inadequate, potential hazards and threats may not be properly identified or mitigated. This oversight can lead to unsafe working conditions and environments where personnel are more likely to suffer injuries or accidents. In operational contexts, failing to manage risks effectively can not only endanger individual safety but can also compromise mission effectiveness and unit readiness.

Furthermore, without robust risk management, organizations may struggle to foresee and address issues proactively, resulting in a reactive rather than a preventive approach. This can exacerbate the likelihood and severity of incidents, ultimately leading to increased costs, reduced morale, and potential legal ramifications. The impact of these incidents can ripple through an organization, affecting various aspects of operations and overall mission success.