Risk Management for the Clumsily Gifted
The 7 Deadly Sins of Risk Management
Lack of planning
- The art of making things up as you go along
Denial of reality
- Ignoring the obvious
Procrastination by committee
- Waiting for everyone else to make the decision
Groupthink for beginners
- Following the crowd
Fear of failure
- Never taking risks (even when it's necessary)
Analysis paralysis
- Overthinking it
The Peter Principle
- Promoting oneself to the top of the org chart
Advanced Risk Management Techniques
The 5 Whys
- Asking why five times
The 6 Thinking Hats
- Using six different hats to think with
The Risk Matrix
- Making a table to make it all fit
The Risk Ladder
- Climbing the ladder of risk
Real-World Examples
The time we almost went bankrupt because of a bad Excel formula
- A cautionary tale
The great "I told you so" meeting
- A case study