What is the primary goal of a risk management plan?

The primary goal of a risk management plan is to control and reduce risks associated with operations. This involves identifying potential hazards, assessing their impact, and implementing strategies to mitigate them. By focusing on reducing risks rather than attempting to eliminate them completely, organizations can create a safer environment while still achieving their operational goals. Effective risk management acknowledges that some level of risk is inherent in most activities, and thus, it emphasizes managing and mitigating these risks to acceptable levels rather than striving for an unrealistic zero-risk scenario.

The approach to risk management is proactive, enabling organizations to prepare for potential issues and respond effectively to emergencies. While ensuring safety during emergencies is a critical component of risk management, it is part of the broader objective of risk control and reduction. Similarly, prioritizing risks for insurance purposes may be a necessary administrative function, but it does not capture the comprehensive goals of a risk management plan. Overall, the focus lies on creating a balanced approach that protects both personnel and assets while allowing operational continuity.