Since project work was invented, we have used risk assessments to enhance the security of the projects that we have chosen to implement. We have removed the most obvious obstacles to success.
All together well enough, so long as the decisions at the start of the projects have been good. They have had the opportunity, because the pace of change and the scope has been more modest in the past.
This is no longer. Now we have to bring forward the risk assessments for the choice of projects. It is no longer about refining successes, because no one can longer guarantee any success. On the other hand, there is by now no limit to how bad things can get. It goes instantly today.
I therefore believe that the challenge today is:
• not about saying YES to the opportunity for profit, but
• to say NO to the risk of loss.
Which is something entirely different.
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