Risky Business: Three simple rules of risk management


See Network World ArticleRisk2

Knowledge of risk factors goes a long way in protecting data

Knowing what you’re doing does not remove the risk. Knowing what you’re doing can help mitigate, or alleviate, the risk but it rarely removes all of the risk. Still, it’s important enough that we could say the first rule of risk management is: Know what you are doing.

Please read the article, and then think a while about your project load and where these rules might likely apply.  The rules are really quite simple in nature, which is why they are quite often overlooked.

It’s not rocket science, and it can be very simple as long as you remember the three rules:

Risk1. Know what you are doing.

2. Know the risk involved.

3. Remove as much risk as possible.

 

“I don’t know the key to success, but the key to failure is trying to please everybody.” – Bill Cosby

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