How to Manage Risk

1. List and count each risk
2. have an ongoing process for discovering new risks
3. Quantify each one as to it’s potential impact and likelihood
4. Designate a transition indicator for each one that will tell you that the risk is beginning to materialize
5. Set down in advance what your plan will be to cope with each risk should it begin to materialize

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1. DeMarco, T. Slack: Getting Past Burnout, Busywork, and the Myth of Total Efficiency. (Currency, New York; London, 2002).