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Read article: What is Collateral Risk? – Geary Sikich

http://insights.cermacademy.com/234-what-is-collateral-risk-and-why-should-i-be-worried-about-it-geary-sikich/

Why This Matters: We already discussed the famous Rumsfeld quote about unknown unknowns.

There is also collateral risk which can be known or unknown unknowns. These risks can be project busting. The challenge is how to understand, capture, identify, and mitigate collateral risks.

Project Question: Sometimes, these collateral risks are unintended project consequences. These risk need to be understood and captured early in the project. Can you describe a project where there were unintended risk consequences to a decision?

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