On Risk Management, Part I: Understand
In the pulsating world of product management, the term Risk Management is bandied around like a hot potato at a summer barbecue. However, just as everyone tries to avoid holding onto the scalding spud for too long, so too are we inclined to skirt around the serious discussion of risk management in our day-to-day operations.
I’ll be honest, the task can seem about as appealing as a plate of soggy chips. Yet, this is a conversation we need to have, because let’s face it, we’re in the business of inventing the future — and that’s never going to be a risk-free endeavor.
Risk management isn’t merely a necessary evil; it’s an indispensable part of our toolkit as product managers. The good news? It doesn’t need to be as monotonous as a never-ending meeting. In fact, with the right perspective and strategies, risk management can become a veritable treasure trove of opportunities to learn, adapt, and excel.
Now, you’re probably wondering, “Risk management? Really? Isn’t that for accountants and insurance agents?” Well, let me tell you, it’s as much a part of our world as user personas, MVPs, and those beloved agile sprints.
So, buckle up! We’re going on an expedition into the heart of risk management, delving deep into its many facets, right from understanding what risks lurk in the shadowy corners of product…
