True or False?An activity with a high certainty of risk combined with a high consequence of impact must never be actioned.
Question
True or False?An activity with a high certainty of risk combined with a high consequence of impact must never be actioned.
Solution
False. While an activity with a high certainty of risk combined with a high consequence of impact should be approached with extreme caution, it does not mean it must never be actioned. It simply means that thorough risk assessment, mitigation strategies, and contingency plans should be in place before proceeding. The decision to action such an activity should be based on a careful analysis of the potential benefits versus the potential risks.
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