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When Donald Rumsfeld talked about ‘known unknowns’ and ‘unknown unknowns’ in terms of the Iraq War, he was talking the language of risk. I wonder whether he should also have been talking about ‘ignored knowns’; in other words, those risks which, in corporate terms, never really seem to feature on the radar of so many organizations. Dick Russill’s A Short Guide to Procurement Risk, Carlo Rotta’s A Short Guide to Ethical Risk and Nigel Iyer and Martin Samociuk’s A Short Guide to Fraud Risk are all candidates for the ‘ignored knowns’ list. Take a straw poll in your oganization. What sort of processes do you have in place for identifying and managing risks like these?

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