Rethinking about risk
📰 Reddit r/Entrepreneur
Rethink risk assessment by considering unseen assumptions, not just obvious threats, to avoid project disruptions
Action Steps
- Identify key components in your project that are assumed to be always available
- Question and discuss these assumptions with your team to uncover potential risks
- Add these assumptions to your list of things to worry about and monitor their status
- Develop contingency plans for potential disruptions to these components
- Regularly review and update your risk assessment to ensure you're not missing unseen threats
Who Needs to Know This
Entrepreneurs and project managers can benefit from this insight to improve their risk management strategies and avoid costly assumptions
Key Insight
💡 Unseen assumptions can pose significant risks to projects, even if they seem like facts
Share This
💡 Rethink risk: unseen assumptions can be just as disruptive as obvious threats #entrepreneurship #riskmanagement
Full Article
I thought risk meant things like delays, defects, or running out of money. But I didn't realize that some of the biggest risks don't look like risks at all. They look like facts. In my project, there was a key component that everyone assumed would remain available throughout the project. Nobody discussed or questioned it. It wasn't even on my list of things to worry about. Why would it be? Then supply tightened. Suddenly decisions that seemed unrelated st
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