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Risk Management 101 is all about identifying exposure to undesirable outcomes and then reducing or elimating those exposures
No it is not. Period. It is about calculating the cost of the undesirable outcome versus the cost of reducing or eliminating the undesirable outcome.
If the cost of reduction or elimination is greater than the computed cost of the risk then no action is taken because it makes no logical financial sense.
’Contrary to CASA BS, you can put a price on human life - actuaries do it every day in computing insurance premiums.
Risk management is about minimising the total cost to the community of the risks inherent in life. That requires a cost/benefit analysis which CASA makes a virtue of ignoring.
Examples - reducing all road speed limits to 20 kph - reduces the cost of accidents but massively hits economic activity. Ditto making everyone wear helmets, etc., etc. There are numerous cranks who have pet ideas for reducing risk but don’t compute the associated costs. CASA seems to have more than it’s fair share of them.