Risks Management: 5-Second Rule

Implementation

According to the 5-Second Rule, any risk that can be eliminated in 5 seconds or less is not worth taking.

Here's how we implement this rule:

1. Identify risks that can be eliminated in 5 seconds or less, such as:
2. Spilled coffee on your shirt
3. Forgot to turn off the stove
4. Wore matching socks

Then, simply eliminate the risk by:

1. Grabbing a paper towel to clean up the spill
2. Turning off the stove
3. Choosing not to wear the matching socks

Voilà! The risk has been eliminated in 5 seconds or less.

See an example of the 5-Second Rule in action