Thank you for sharing this! I agree with you. It is a very interesting read. I was researching more on the topic and found another link that lists possible ways on using risk management efficiently and avoiding problems such as the ones you mentioned.

here is a quick list and the link is listed below for more details:

* Understanding Risk-Related Terminology
* Risk Planning
* Risk Assessment
* Risk Control
* Review/Monitor Risk

http://www.qmed.com/mpmn/medtechpulse/reducing-medical-device-failures-through-risk-management?page=5

– Lamiaa Abdelaziz