R isk management is a term borrowed from industries such as insurance, health care and even the military. It recognizes that most activities have associated risk and once that premise has been accepted, actions can be implemented that help minimize the risk. Typically, zero risk is unattainable, but reducing it to a minimum should be the objective. It is the process of determining hazards and identifying where, in a process, critical control points may exist. When failures occur at these steps, problems may ensue, but these locations also represent points where problems may be detected and stopped from advancing further.
M inimizing risk requires understanding the nature and occurrence rate.
The home insurance industry knows for example that certain areas of the country are more prone to violent weather, so rates may be higher or special policy riders required to cover possible losses in those areas. They may also require construction measures be implemented that help reduce damages resulting from severe weather. The health care industry has come to understand that factors such as exercise, weight, diet, smoking etc. D airymen are faced with the fact that mastitis is an ever present risk despite all the effort that has gone into determining ways of reducing or preventing it. The facts are, if you dairy, there are likely to be mastitis problems.