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• Practices of risk management encourage a focus on failure. This impacts on the balance
between risk and opportunity.
• Faith in risk management may be overstated. In other words, risk management may be risky.
• Risk is relational - mitigation of one risk may impact on other risks. This has implications for
the allocation of risks to committees.
• Risk is socially constructed - how risk is carved up has practical and ethical implications.
• RAG-rating is a potent technology that alters the way risks are perceived.
Key points