ManagementSpeak: That’s unacceptable!
Translation: You may have done your best, and we have no clue how to do better, but you’re next in line for keel-hauling.
The contribution from this week’s anonymous contributor was more than acceptable.
Month: June 2010
The fifth response to risk
We need to add a response.
The risk management profession lists four ways to deal with risk. There’s:
- Prevention (which can mean reducing the odds of an occurrence as well as eliminating them) …
- Mitigation, limiting the damage that occurs should the risk turn into reality …
- Insurance, spreading the cost of any damage that occurs …
- … and, depending on your Sarcasm Quotient (SQ), either hope or acceptance. Whichever you prefer, it means you prepare no response to the risk of an asteroid smashing into the earth in case Bruce Willis fails to stop it.