Legal Risk Management and Unknown Unknowns

A post by guest author Cameron Scott, a senior member of the CDC team: it's the unknown unknowns which keep general counsel awake at night ...

Unknown Unknowns: How To Manage Risk Against the Unexpected

Unknown unknowns and known unknowns are unavoidable on any project. There are steps for project managers to take to manage and minimize delays and negative ...

Characterizing unknown unknowns - Project Management Institute

Unidentified risks, also known as unknown unknowns, have traditionally been outside the scope of project risk management. Most unknown unknowns are believed ...

Managing Risks – Both Known and Unknown - 360Factors

Known unknowns are the risks that the organization is aware of but is unaware of the size and effect of the risk. An organization may know that ...

Known Unknowns: Unmeasurable Hazards and the Limits of Risk ...

Giandomenico Majone, Strategic Issues in Risk Regulation and Risk Management, in ORG. FOR ECON. CO-OP. & DEV., RISK AND REGULATORY POLICY: ...

Battling Hidden Risks: The Unknown Unknowns That Kill Your ...

The “Known Unknowns” and “Unknown Unknowns” clearly capture a unique, heightened business continuity risk that companies often ignore. "Unknown ...

Managing Risks in the Face of Known-Knowns, Known-Unknowns ...

Known-unknowns are risks that we are aware of, but we don't fully understand. For example, we may know that there is a risk of a new competitor ...

Emerging Artificial Intelligence Risk Management Considerations for ...

But there are also unknown unknowns—the ones we don't know, we don't know.” Donald Rumsfeld, Feb. 12, 2002, United States Secretary of Defense 1 ...

Keys to Effective Legal Risk Management - Consortium Legal

A well-known principle of law is that ignorance of the law does not exempt one from compliance. Therefore, proper legal risk management is ...

Managing and Mitigating Risk From Unknown Unknowns

Let's start by defining what we mean by unknown unknowns, or assets of which the security and IT teams have no awareness. Unknown unknowns can ...

Known Unknowns: Unmeasurable Hazards and the Limits of Risk ...

The inability to characterize known unknowns in terms of measurable risk poses a dilemma for regulators. When known unknowns cause harm, public ...

There are unknown unknowns - Wikipedia

The statement also features in a 2013 documentary film, The Unknown Known, directed by Errol Morris. Known unknowns refers to "risks you are aware of, such as ...

"Unknown Unknowns" Can Wreak Havoc On Your Business Risk ...

"Unknown Unknowns" Can Wreak Havoc On Your Business Risk Management Plans · Is the crisis taking place during work hours? Is the crisis facility- ...

Risks – The Known Unknowns - Roland Wanner

The Known, the Known Unknowns and the Unknown Unknowns. What does this wordplay have to do with risk management and why is it important to ...

How to Measure and Manage Legal Risk

Most organizations do not have the data or resources (or confidence in) abstract models of risk. Organizations without statistically valid loss ...

How to Use the “Knowns” and “Unknowns” Technique to Manage ...

Chalk them up to Murphey's Law. Unknown Unknowns are true surprises — a project that encounters a major delay due to a political coup in the ...

Risk Management - Window + Door magazine

But there are also unknown unknowns, things we do not know we don't know. ... legal risk management. As Rumsfeld was likely getting at—the ...

Risk Classification: Known-Knowns, Known-Unknowns, Unknown ...

Known-unknowns: These are classic risks or risks what you as a project manager or risk manager most likely see. These are also called as “known ...

The Known-Unknown Classification of Risk

Known Known Risks ... Known knowns are the easiest type of risks when it comes to risk management. One known stands for the fact that the organization is aware ...

Rumsfeld Matrix used in legal decision making process - LinkedIn

In the quadrant of Known Unknowns, you acknowledge the gaps in your legal knowledge. Here, you recognise the need for further research or ...