E012: Can Risk Management Help Your Career and Daily Life?

Passionately Wrong Podcast Episode E012

Can Risk Management Help Your Career and Daily Life?

Key takeaway: The purpose of risk management was never to eliminate risk, it was to find an acceptable path forward. The military, as in business, necessitates taking risks. Risk is where the opportunities are, so the person who's doing their job, both on the risk mitigation side and the strategy side, is saying, “This is the objective. How do we accomplish that objective in a sensible way?”

Topics covered in this video: 

• Risk Management is about mitigation and finding a way forward
• Risk is where the opportunity is, so in most cases, it is necessary
• The best Risk Mitigation is to have an open mind to expand options
• Put on your “What if?” hat to consider contingencies
• Active Risk Management requires supervisors to be present and participative
• The goal is to take sensitive risks
• Sometimes Risk Management might give you a false sense of security
• Using the military PACE plan can help mitigate risk (having four plans for one task)
• Good Risk Management is best done in layers - consider layering Risk Managment and responsibility
• Risk mitigation is not about reducing your options
• Risk mitigation doesn’t have to be burdensome, and can save money and time in the long run

Resources in this video

Military Risk Assessment Form: DD Form 2977