Planning for a Safer Future

Mark Jablonowski

Chapter 5 in Managing High-Stakes Risk, 2009, pp 70-84 from Palgrave Macmillan

Abstract: Abstract Given the complexities of our existence, we cannot effectively achieve natural risk levels without some sort of deliberate forethought, or planning. That means setting goals, and identifying safe alternatives that can help us achieve these goals. Reliance on simple statistical approaches that attempt to adjust progress only when problems become apparent just doesn’t work for risks where the cost of mistakes can be enormous. This means that planning for safe progress needs to take into consideration both the uncertain nature of the risks we face and the fact that we don’t get a second chance to make the right decisions. This tricky balance challenges our ingenuity to the fullest. We need to identify and implement a process that fails safe with regard to existential risk. If progress cannot be made safely, we forestall further action until we figure out how it can.

Keywords: Decision Matrix; Feedforward Control; Past Trend; Precautionary Action; Safe Future (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25120-5_5

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DOI: 10.1057/9780230251205_5

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