Sunday, April 07, 2019

|| Taking Calculated Risks

8. Take calculated risks (life event story #4)

Winter is the least favorite season of mine.  Snow days are especially tricky.  I figure these would be the best of times for the forecasters, they have big beaming smiles on television, you hear about the US model vs the European model, you see the color blocks marking the lines between 1-2 inches and 3-4 inches, school closures, branch misison control, code red status ... almost always at the end of their elaborate analysis, they will say, your own assessment, safety is the most important thing and you should do your own assessment and make decisions.

This is very similar to the NPMIGs you often hear me talking about.  Before change enters into the system, you have all the subject matter experts opine on the potential change management process requirements, operational readiness, reputation risks, compliance risks, legal claims etc.  It's risk all over everything.

In reality, we are all masters of analyzing information and making decisions with some risks.  The part of the calculation is very important, it always feels better when you know the people who know risks, consult for ranges of the outcome, mitigation strategies.  "What do you worry about the most, what's the worst thing that can happen to me ..., and take actions on mitigating, monitoring, maybe also preparing a way out, an alternative.

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