risk

How Do We Plan for Both Cascading Effects and Catastrophic Success?

CAL Newsletter: How Do We Plan for Both Cascading Effects and Catastrophic Success? I learned new words this week for events I’ve seen many times: catastrophic effects and catastrophic success. I’m sure you’ve experienced catastrophic failure. Here’s an example that’s happened to me too often over my career: a disk drive fails, taking all my data with it. I

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What’s Your Tolerance for Risk vs Resilience?

As a consultant, I regularly work with managers who want predictability. To get that predictability, they want to remove “all” of the risk. They do a lot of up-front planning and estimation. They try to predict how things will go. Then, “Something Happens.” That Something requires adaptability and resilience to manage the risk. Some of

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When Do We Choose the Social Contract & When Do We Choose the Economic Contract?

We operate at various levels in our families, work, and society. We have shortcut names for these behaviors: the economic contract and the social contract. When we use the economic contract, we have a document that lays out our responsibilities and rewards. For example, at work, we have a contract for our job that discusses

When Do We Choose the Social Contract & When Do We Choose the Economic Contract? Read More »