For investment, it is important that the risk management processes adequately identify, assess and manage...

Asset-related risks evolve over time , due to condition changes, usage patterns, environmental factors, and technological obsolescence. Therefore, risk assessments must account for dynamic, time-varying risk profiles , especially in investment planning and forecasting.

Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 4.5.2 – Risk-Based Decision-Making:

“Risks are not static. Their likelihood and consequence change over time and should be continuously assessed in line with asset lifecycle and investment horizons.”