What is the key focus of GEMD’s risk management approach?

The key focus of GEMD’s risk management approach lies in identifying, assessing, and mitigating potential risks effectively. This approach recognizes that while it is impossible to eliminate all risks completely, organizations can proactively manage them to minimize their impact. By identifying risks early, teams can assess which are most critical to the organization's success and allocate resources to mitigate these risks accordingly. This systematic process allows for a more informed decision-making environment and helps sustain operational continuity, ensuring that potential threats are managed rather than left unaddressed.

This contrasts with the other choices. Some may suggest that completely eliminating risks is achievable, but in practice, it's not feasible. Risks can often be inherent to operations or external factors that are outside of a company’s control. Documentation alone, while important, does not actively address or manage risks. Additionally, delegating responsibilities for risk management does not guarantee effective oversight and assessment; it may lead to a lack of ownership and understanding of the risks involved. The effective risk management approach of identifying, assessing, and mitigating ensures a proactive stance toward maintaining organizational integrity and safety.