Dr David Hancock: How should the project and risk professional exist in this world of future uncertainty?

In this paper [The application of the ‘New Sciences’ to Risk and Project Management] David Hancock poses some very interesting questions  about the existing perceptions and future solutions for Risk (and Project) Managers:

Wise man & Foolish man“The general perception amongst most project and risk managers that we can somehow control the future is, in my opinion, one of the most ill-conceived in risk management”.

“The biggest problem facing us is how to measure all these risks in terms of their potential likelihood, their possible consequences, their correlation and the public’s perception of them”.

It is a very interesting piece by a “leading light” in the industry.

Unsurprisingly I see it as, a further endorsement of my belief that, in future, the task of managing risk can only truly begin by, firstly, measuring and managing underlying “system” complexity.

Otherwise risk management is akin to building on sand!

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