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Tag Archives: risk
Embrace uncertainty, avoid ambiguity
Uncertainty is part of every decision; ambiguity should never be. There are at least 4 significant sources of uncertainty in any decision: Stakeholders’ inability to express the relative importance of design margin associated with criteria (weights) Inability to estimate the effectiveness of … Continue reading
Posted in Decision Concepts
Tagged alternative, ambiguity, criteria, decision, estimate, opportunity, precision, risk, uncertainty
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Decisions and continuous risk management
Although there is a well-established “standalone” discipline of risk management, I strongly advocate that risks are best identified and understood in the context of the decisions that “create” them. Every risk that will ever be faced (in a business strategy, … Continue reading
Posted in Decision Concepts, Decision Driven Architecture, Decision Driven Innovation, Decision Driven Product Development, Decision Driven Strategy
Tagged alternative, batch process, continuous process, decision, decision management, decision network, decision pattern, failure mode, risk, risk management, risk mitigation
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Do it yourself or get some help?
One of the reasons that a Decision Driven® life appeals to me is my genetic wiring as a do-it-yourselfer. My father was the ultimate example of self-taught master of many things and someone who was willing to learn something and take a … Continue reading
Posted in Decision Concepts, Decision Driven Life
Tagged challenge, competence, decision, decision pattern, do-it-yourself, learning, mastery, risk, self-taught, trial and error
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