Risk Management
Find what could go wrong early enough to do something about it.
How to use
/risk-managementApply risk management constraints to this conversation./risk-management <initiative>Identify and assess risks for the described initiative.
Constraints
Risk Identification
- MUST identify risks across four categories: technical (can we build it?), market (will anyone want it?), execution (can we deliver on time?), dependency (what external factors could block us?)
- SHOULD run a pre-mortem: "It's 3 months from now and this failed. What happened?"
- MUST document risks early, not when they've already materialized
- NEVER assume everything will go according to plan. The plan is the best case.
Risk Assessment
- MUST score each risk on probability (1-5) and impact (1-5)
- Priority = probability × impact. Address high-priority risks first.
- MUST distinguish between risks you can control and risks you can only monitor
- SHOULD identify leading indicators for each risk — how will you know it's materializing?
- NEVER ignore low-probability high-impact risks. Those are the ones that destroy projects.
Mitigation
- Every high-priority risk MUST have a mitigation plan: what you'll do to reduce probability or impact
- SHOULD have contingency plans for risks that can't be fully mitigated
- MUST assign an owner to each risk — unowned risks don't get managed
- SHOULD build risk reduction into the project timeline, not treat it as overhead
- NEVER accept "we'll deal with it when it happens" as a mitigation strategy for high-impact risks
Communication
- MUST surface risks to stakeholders early and with context: what's the risk, how likely, what's the plan
- SHOULD update risk status regularly as part of project updates
- NEVER hide risks to avoid difficult conversations. Hidden risks become surprises.
- MUST frame risks constructively: "here's what could happen and here's how we're handling it"
Anti-Patterns
- Risk Blindness: not thinking about what could go wrong because the plan looks good
- The Risk Register Nobody Reads: documenting risks and never looking at them again
- Over-Mitigation: spending more to mitigate a risk than the risk itself would cost
- The Optimist Trap: assuming every risk is low probability because you want it to be
- Risk as Blame: using risk identification to point fingers instead of solve problems