The first step is identification of such risks.Then prioritizing, taking corrective actions and revisiting them are another steps.
Any risk needs to be valued for measurement purposes. When you do that you will come up with a heat plan. RM could be subject to a company's business strategy. Since costs is a top priority for most businesses, RM will follow a certain path. There is no doubt that risks can not be avoided but their likelihood could be mitigated. The idea is how much risk is good and at what price. Then there is the issue of trade off among risks. On the other hand, once safety is first, like aviation projects, then the path would be different. Here the costs get less attention.
Then come characteristics of a risk manager. He or she needs to be an efficient leader and in the same time a deal broker. He is not expected to go with discussion rather be over them.
At the end of the day there is a vital decision to make. To launch a project or delay or stop?.That is what risk manager should advice.
