Be Decisive – Now!

Chapter 6

Be realistic about the risks

6.1     Know the value of risk planning

6.2     Check for different risk types

6.3     What risks should you worry about most?

6.4     Ask about options

6.5     Explore exit strategies

6.6     Set trip wires and keep an eye on things

6.7     Erect guard rails

 

SPEED READ

6. Be realistic about the risks

6.1 Know the value of risk planning

‘Don’t worry about whether the glass is half full or half empty. Worry about what happens when the glass breaks.’

(Attributed to Jim Collins, author of Good to Great)

With the average business project yielding only 30–50 per cent of its expected returns, effective risk planning is a not-to-be missed value driver. Strongly outperforming companies stay strong because they ...