Intentional Risk Management
Biggest Risk Up Front
What connects the following concepts?
proof of concepts
planning
concept development
backlog refinement
spike solutions
prototyping
MVPs
They all serve as risk management tools, helping teams identify and mitigate potential issues. While we practice risk management constantly in software development, I encourage you to approach it with greater intentionality.
Random experimentation isn't effective. Don't build prototypes merely to gauge general reactions or create MVPs simply to collect unspecified feedback. Instead, be deliberate about what risks you're addressing and how you'll measure success.
To implement intentional risk management:
Clearly identify specific risks
Assess each risk's severity and probability
Develop targeted strategies for high-priority risks using appropriate methods
Explicitly acknowledge lower-priority risks you're willing to accept
Risk management shouldn't be an afterthought or side activity. Risk Management deserves dedicated attention and planning as a core element of your development process. By approaching risks systematically rather than haphazardly, you'll make more informed decisions and deliver better products.
Risk Management deserves dedicated attention and planning
as a core element of your development process.
What I read
As usual, I will list some of the best articles I read on the Internet. I will keep a list of the best articles (currently >800) at https://www.digital-product-management.com. These are today’s picks:
Framework Jobs: Different reasons why to choose a framework.
Strategy Questions That Actually Matter: Use these questions to cut through the noise of strategy.
Coaching, Mentoring, Counseling, Consulting: Know When and How to Apply these Roles in Leadership