Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Simplifying Risk Prioritization
Known globally as The Risk Doctor, David has been working in risk management for about 30 years. He has worked in 48 countries on every continent except the Antarctic (too cold!), with clients in most industries.
Leonardo da Vinci said, “Simplicity is the ultimate sophistication.” When it comes to prioritizing risks, this is good advice.
Project leaders spend a lot of time on prioritization because they know it is important to concentrate on the biggest risks and avoid wasting effort on small ones. But perhaps we are trying too hard? Maybe a simpler approach to ranking risks would work just as well.
In the health service, resources are often stretched, with insufficient time or funds to treat every patient who asks for help. In situations when doctors cannot examine everyone, it is common to adopt a triage approach, first screening all patients to decide which ones need to see a doctor and which can be treated by a nurse. Decisions might be made on the basis of the severity of symptoms or the urgency for treatment. The medical triage decision is often made by a junior professional following simple guidelines, dividing patients into two or three groups for further attention.
Businesses working …
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When I was born I was so surprised I couldn't talk for a year and a half. - Gracie Allen |