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Cleaning Up: Leadership in an Age of Climate Change cover image

How Big Things (Should) Get Done - Ep128: Prof. Bent Flyvbjerg

Cleaning Up: Leadership in an Age of Climate Change

NOTE

Managing Risk in Projects: Thin Chains and Fat Tails

The majority of project types have thin tails which means that risks are small and easy to manage./nIt is crucial to watch the downside when doing projects because the fat tails lie there./nOpportunity and risk have a fundamental asymmetry because risk can kill you or put you out of business while no opportunity can compensate for that./nTaking risks is necessary to get opportunities but risks must be managed properly because they can be deadly in some instances and can kill a business.

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