Sensibly managing risk is central to every successful project because, to be effective, identifying risks and managing them requires every team member to take ownership. It’s not an afterthought or a task you can delegate to an individual team member, Risk has to be everybody’s business – every day. Its how we manage Chaos and Uncertainty. In fact, risk is inherent in everything we do – whether at home in our daily lives or in the workplace as we strive for success.
I came to appreciate technical risk while working as a chemical engineer in the steel industry. Yet it was while studying for my MBA my perception of risk broadened substantially. I saw the power of understanding not just tech...