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- Inadequate risk identification processes
- Lack of clear communication and understanding of risks
- Insufficient resources for risk management
- Ineffective risk assessment methods
- Failure to prioritize risks based on impact and likelihood
- Inconsistent risk reporting and monitoring
- Lack of buy-in and support from senior management
- Inadequate training and awareness of risk management principles
- Siloed approach to risk management within the organization
- Failure to integrate risk management into strategic planning processes