22 Stage 4: Anticipation
Wherever mankind has been able to measure things, which means to transform or reduce them to numbers, it has indeed made great progress both in understanding and in controlling them.
—Charles Van Doren
In this chapter, I describe the practices that characterize the anticipation stage of risk management evolution. Individuals from the project team receive training in a measurement process and risk metrics. Measures are used to quantify risk and anticipate predictable risks. Through the application of a measurement process to risk comes an appreciation of the value of risk metrics and the insight that you cannot manage what you cannot measure.1 People know that risk can be quantified. Metrics are reported to provide insight ...
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