All decisions are risky
RISK DOCTOR BRIEFING
© May 2019, Dr David Hillson CFIRM, HonFAPM, PMI Fellow
ALL DECISIONS ARE RISKY
The idea of “risk-based decision-making” is becoming increasingly popular, and decision-makers at all levels are keen to ensure that their decisions take risk properly into account. But perhaps the term “risk-based decision-making” is mistaken. Surely all decisions are risk-based, by definition?
Whenever we encounter a situation where we need to make a decision, two vital characteristics are always present. Every decision involves uncertainty, and the outcome of every decision matters.