The statement "You fare more likely to control risks when they are identified earlier rather than later" is associated with which Risk Management principle?

The statement emphasizes the importance of recognizing risks at an early stage, which is a key aspect of proactive risk management. This principle involves anticipating potential risks before they manifest into significant issues. By identifying risks early, leaders can implement strategies to either eliminate or diminish those risks, ultimately leading to greater control over outcomes and reduced negative impacts on operations or objectives.

Within the framework of proactive risk management, small unit leaders are encouraged to engage in activities such as risk assessments, scenario planning, and regular evaluations of the environment in which they operate. This proactive approach not only prepares them for unforeseen events but also empowers them to allocate resources effectively and create contingency plans, ensuring a more resilient operational posture.

Other principles, such as effective communication and continuous monitoring, while important in risk management, do not specifically highlight the advantage of early risk identification in controlling those risks. Risk mitigation focuses on reducing the impact of risks once they have been identified, rather than the preventive aspect of recognizing them before they escalate. Therefore, the emphasis on early identification aligns closely with proactive risk management.