Summary: In this newsletter, Wes Kao discusses how to identify and reduce risks in daily work by asking two key questions: what’s likely to go wrong and how can I prevent it? He shares examples of derisking in various situations, such as delegating tasks, creating new projects, and delivering bad news. By focusing on the most important risks, you can manage your energy better and minimize avoidable mistakes.
When you derisk, you don’t have to burn your energy on avoidable, obvious missteps. You’ll still make mistakes, but you’ll get to “spend” that effort on better mistakes. (View Highlight)
utcome.
1. Embrace a healthy sense of paranoia. (View Highlight)
1. Embrace a healthy sense of paranoia. (View Highlight)
2. Pattern match to remember what happened in similar situations. (View Highlight)
3. If you foresee a misunderstanding, speak up and clarify. (View Highlight)
4. Risk isn’t binary, it’s on a spectrum. (View Highlight)
It’s easy to say something carries risk; a great many things do. It’s hard to say how much. You need experience and confidence to give a risk percentage and the knowledge that your client knows that a percentage is purely directional, not exact. (View Highlight)
