A couple of weeks ago, in the latest Risk Doctor newsletter, there was a very interesting article about repeating mistakes. David Hillson sums it up like this:
If a risk happens once, that's understandable;
If the same risk happens twice, that's unlucky;
If the same risk happens three times, that's unacceptable.
People have a natural tendency to repeat their mistakes, either by letting the same threats happen repeatedly or by constantly missing the same opportunities. If you look around you, you will realize that this is happening all over the place, and it clearly tells that Risk Management is still overlooked in most businesses. Now there's value to add!