Bruce Pittman Quotes

Keeping the risk management plan up to date can transform it from a door stop into a vital project management tool. Remember: what you don't know can kill your project.

In the U.S.A. or Europe there is no realistic way to estimate the type, magnitude, or probability of the risk, nor any way to narrow down the potentially affected regions.

First, we did rank everybody by risk, and New York comes out number one.

Our risk systems and processes - we keep investing and improving them.

Often you need to take some risk, but it must be a realistic risk, you can't take a crazy risk.

Neither science, nor the politics in power, nor the mass media, nor business, nor the law nor even the military are in a position to define or control risks rationally.

We live in a world where there are many risks, and it's high time we start taking seriously which ones we should be worried about.

Everything in life has some risk, and what you have to actually learn to do is how to navigate it.

Take calculated risks. That is quite different from being rash.

When I take a risk, I like it to be a calculated risk, meaning I make it as small as possible.

Some of the most interesting research that I did was about risk assessment and how ordinary citizens like me handle risk assessment and how irregular our risk assessments are.

I think we need to think beyond the issue of absolute risk.

Risk analysis can cater to any sort of hazard, but their profession owes its existence to a relatively narrow band of possible dangers.

One thing I've found is that if you educate and show people the risk, they will do something about it.

I think that we have to be constantly asking ourselves, 'How do we calculate the risk?' And sometimes we don't calculate it correctly; we either overstate it or understate it.

The ability to calibrate risk doesn't happen rationally.

It is not the manager's job to prevent risks. It is the manager's job to make it safe to take them.

I think people overestimate the risk of high-risk projects.

The best approach to risk is to identify and manage it.

When something looks really risky from the outside, what people are doing on the inside - they're not professional risk takers. But they're probably professional risk mitigators.

There's risk in everything that you do. It's up to you to measure those risks and do what you want to do.

Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.

The hardest thing to judge is what level of risk is safe.

One doesn't accept bad challenges. Part of it is always the risk-taking without seeing that the risks are rational and the rewards are commensurate.. are more than commensurate.. with the risks.

The cost of assessing risk is now often greater than the cost of failing.