You can encounter a number of faulty approaches in companies.Some projects use no approach whatsoever to risk management.Also, your team members will be much happier if they do not enter a mode needed to repair the failures that could have been prevented.
They are either ignorant, running their first project or they are somehow confident that no risks will occur in their project (which of course will happen).
Some people blindly trust the project manager, especially if he or she looks like a battered army veteran who has been in the trenches for the last two decades.
The benefits of risk management in projects are huge.
You can gain a lot of money if you deal with uncertain project events in a proactive manner.
The first rule is essential to the success of project risk management.