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Number 4: Settled for All Time

December 29, 2010

“We decided five years ago to accept this risk!”

When a decision is made, people involved are loathe to revisit it.  This is especially true when an organization decides that something is “worth the risk”.  The obvious problem is that situations and what you know change, which changes the risk equation that drove the decision in the first place.  It may be inconvenient, but every risk decision deserves periodic scrutiny.  Don’t accept risk without an expiration date.

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