Once More Over the Same Ground
Risk management is something that most of us practice all the time—everywhere except the office. In our personal lives, we face up to such risks as sickness and early death. We mitigate by buying life and health insurance and by making arrangements for who will look out for the kids if something bad happens. We don’t pretend to be immortal or that our earning capacity can never be harmed by bad luck. Each time we take on a new responsibility—say, a mortgage—we go over all the awful things that we hope won’t happen and force ourselves to think, What if they do?
Risk management is not rocket science. But as we’ll see, practicing it in the office involves a few special challenges.