Risk Management

How to Reduce Risk Evaluation Bias

Identifying risks is step one, but evaluating them is the critical step two. And if you are not careful, biases can color your team’s thinking and make you think a risk is worse or safer than it really is. In a post at the Project Risk Coach, Harry Hall shares what you need to know in order to avoid these biases.

There are motivational biases and cognitive biases, and you should be mindful of both. In either case, to manage bias, Harry says to (1) expose biases as you see them, but only after you have spent time making sure, (2) have open conversations about bias, and (3) reduce the subjectivity in evaluation.

How do you reduce subjectivity? Harry explains this very quickly and simply with some handy visuals, so head on over to his blog and check it out: http://projectriskcoach.com/how-to-reduce-risk-evaluation-bias/

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