Which of the following is NOT a recommended risk management practice?

Making decisions based solely on personal judgment is not considered a recommended risk management practice because it can introduce a significant level of bias and uncertainty into decision-making processes. Effective risk management relies on a variety of approaches, including gathering relevant information, consulting with experts, and aligning decisions with established standards and best practices.

When decisions are made exclusively based on personal judgment, it can lead to inconsistencies and potential oversights, since individual perceptions may not account for the wider context or complexities of a given situation. In contrast, consulting with experts, maintaining clear communication, and ensuring thorough documentation are all practices that enhance transparency, accountability, and informed decision-making, providing a more comprehensive strategy for managing risks effectively. These practices facilitate collaboration, ensure that all perspectives are considered, and help provide clarity in communication, while also supporting a well-documented trail that can be invaluable for future reference and accountability.