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Myth Buster: Risk Assessments Are Only for the Authority

  • Margrét Hrefna Pétursdóttir
  • Aug 29, 2025
  • 1 min read

The Myth: Many still believe that risk assessments are just a formality, a document to tick off and send to the authority.


The Reality: Risk assessments are not for the authority. They are for the organisation. Done well, they:

  • Save money by avoiding costly mistakes and delays

  • Save time by spotting issues before they appear

  • Protect reputation by preventing avoidable incidents

  • Sometimes even stop a bad decision before it’s implemented

Split image: risk assessment as paperwork vs. collaborative team making better decisions
Paperwork for the authority? Or a tool for smarter, safer decisions?

💡 A good risk assessment isn’t a cost. It’s an investment in smarter, safer decisions.


The Power of Perspective

When risk assessments are done with more than one person at the table, the results are better. Different people bring different “backpacks”, experience, knowledge, and viewpoints. Together, these widen perspective and lead to better, more balanced decisions.


The Takeaway

Risk assessments should not be about making the authority happy. They should be about making the organisation safer, stronger, and more resilient.


👉 Discussion point: What’s the most valuable outcome you’ve seen from a risk assessment ... one that went beyond “compliance”?

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