The CORA Triangle
“Investments, if they are to be made, should have modest aims and use proven technology.”
From Robin Gauld & Shaun Goldfinch’s 2006 Dangerous Enthusiasms
Risk appetite, consciously or unconsciously and usually both, drives risk in projects and programs. If risk appetite isn’t determined by a managed process first, it will be determined by the risk personality of the project’s leaders and the culture of the surrounding organization.
When we move to reduce the failure rate of projects in organizations, those failure rates can rebound, or even become worse, if our risk appetite is not in control. This rebounding is the rebalancing of our risk appetite caused by the risk homeostasis that is inherent in human behavior. Personal ...