Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Risks Change
Don’t stop looking for new risks that might arise during the course of the project. Conditions can change, assumptions can prove to be wrong, and other factors might lead to risks that weren’t apparent or perhaps did not even exist at the beginning of the project.
Keep the top 10 risks highly visible and track the effectiveness of your mitigation approaches regularly. As the initial list of top priority items gradually gets beaten into submission, new risks might float up into the top 10. You can drop a risk off your radar when you conclude that your mitigation approaches have reduced the risk exposure from that item to an acceptable level.
What should you do if you have the same top five risks week after week? A static risk list suggests that your risk mitigation actions aren’t working. Effective mitigation actions should lower the risk exposure as the probability, the loss, or both decrease over time. If your risk list isn’t changing, check to see whether the planned mitigation actions have been carried out and whether they had the desired effect.
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"There are painters who transform the sun into a yellow spot, but there are others who, with the help of their art and their intelligence, transform a yellow spot into the sun." - Pablo Picasso |