“Plans are worthless, but planning is everything.” — Dwight D. Eisenhower, General of the Army and 34th President of the United States
You deal with risk every day.
You deal with risk when you drive to work. You deal with risk every time your son or daughter plays soccer. You deal with risk as an airline passenger.
And you deal with risk every day as an engineer. Risk management is part and parcel of your job.
You face major risks when you embark on hardware and/or software development. Your ability to identify, analyze, and recommend how to proceed with these risks determines your performance as an engineer.
So how can you present these risks without sounding alarmist?
In this podcast, you will discover three ways to do this.
References
- NASA. NASA Systems Engineering Handbook, Section 6.4: Technical Risk Management. Defines risk through scenarios, likelihood, consequences, and uncertainties and discusses mitigation, contingency actions, trigger thresholds, monitoring, and communication. NASA Technical Risk Management
- Institute of Medicine. (2013). Environmental Decisions in the Face of Uncertainty, Chapter 6, “Communication of Uncertainty.” Washington, DC: National Academies Press. DOI: 10.17226/12568. Discusses numerical, verbal, and graphical communication of probability and notes the ambiguity inherent in terms such as “likely” and “unlikely.” National Academies — Communication of Uncertainty
- National Research Council. (2006). Completing the Forecast: Characterizing and Communicating Uncertainty for Better Decisions Using Weather and Climate Forecasts. Washington, DC: National Academies Press. DOI: 10.17226/11699. Explains problems with verbal probability expressions and the advantages of numerical probabilities and relative frequencies.
- National Academies of Sciences, Engineering, and Medicine. (2017). Communicating Science Effectively: A Research Agenda. Washington, DC: National Academies Press. DOI: 10.17226/23674. Reviews evidence on communicating scientific uncertainty and how audiences interpret numerical and probabilistic information.
- McGuire, M. (2023). Lessons Learned With Risk Management: A Systems Engineer’s Perspective. NASA Technical Reports Server. Emphasizes risk management as a communication mechanism that allows engineering teams to identify concerns early and implement mitigation before risks become failures.
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