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Correct.

Corollary is that Risk Management is a specialist field. The least risky thing to do is always to close down the business (can't cause an incident if you have no customers).

Engineers and product folk, in particular, I find struggle to understand Risk Management.

When juniors ask me what technical skill I think they should learn next my answers is always; Risk Management.

(Heavily recommended reading: "Risk, the science and politics of fear")

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> Engineers and product folk, in particular, I find struggle to understand Risk Management.

How do you do engineering without risk management? Not the capitalized version, but you’re basically constantly making tradeoffs. I find it really hard to believe that even a junior is unfamiliar with the concept (though the risk they manage tends to be skewed towards risk to their reputation).

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