, , , , , , ,

In his article on page five of the latest PMIUK Newsletter, David Hillson is understandably exercised about the pitfall of confusing high impact risks, with very low likelihood of occurring, with those catastrophic events that are genuinely unpredictable. I think most managers who are unfamiliar with risk management struggle with the concept of very low probability. David’s articles are always thoughtful and always a pleasure to read. David Hillson is author of Exploiting Future Uncertainty, Managing Risk in Projects, Managing Group Risk Attitude, and Understanding and Managing Risk Attitude.