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Reply #48: That is actually a principle of formal Risk Assessment. Planning for various [View All]

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SharonAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-19-10 09:18 AM
Response to Reply #20
48. That is actually a principle of formal Risk Assessment. Planning for various
potential situations and outcomes.

You can plan for what you know, but you need to be aware that there are things you don't know and that you may not know what they are.

The goal is to get that subset of "unknown unknowns" to as small a possible size in order to reduce risk.

It is an accurate Risk Assessment statement. It's just not a good "political" statement since it is likely to be misunderstood by so many.
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