In the desire to make sure the risks are evaluated thoroughly or to reduce duplication of activity, some organizations focus significantly on checking plans with other teams.
Under an SMS, any change in the air traffic system that could have a safety impact needs to be rigorously analyzed for hazards, the risks of those hazards thoroughly evaluated and the risks eliminated or mitigated to an acceptable level.
These risks can only be properly evaluated by investors that have a comprehensive understanding of the risk factors they are prepared to accept when assembling their portfolio.
Senior management evaluated the proposal and decided that the risks of failure did not warrant the costs: Nokia did not pursue development of the phone.