Read article: How to Manage Known Risks – John Ayers

http://insights.cermacademy.com/257-how-to-manage-known-risks-john-ayers/

Why This Matters: Donald Rumsfeld, a US Secretary of Defense, said:

“There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don’t know. But there are also unknown unknowns. There are things we don’t know we don’t know.”

Each project risk manager needs to know how to evaluate: 1. Known knowns; 2. Known unknowns; and 3. Unknown unknowns.

Project Question: How would you manage known and unknown risks?

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