Real Risk vs. Abstract Risk

𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 #1: “I recommend approving the construction of the second transmission line to reduce the risk of a single point of failure and improve long term system reliability.”Board: after discussion, “Let’s look at this again in 3 months.”𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 #2: “I recommend approving the construction of the second transmission line to reduce the risk of a single point of failure and improve long term system reliability.Last winter’s outage in the north corridor cost us 40,000 customer hours. One failed splice took the whole feed down. This is the same exposure, just waiting for the next storm.”Board: after discussion, “Let’s move forward.”Same words to open. Same board. Same circumstance.

𝐎𝐧𝐞 𝐝𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐦𝐚𝐝𝐞 𝐭𝐡𝐞 𝐫𝐢𝐬𝐤 𝐫𝐞𝐚𝐥.
𝐓𝐡𝐞 𝐨𝐭𝐡𝐞𝐫 𝐥𝐞𝐟𝐭 𝐭𝐡𝐞 𝐫𝐢𝐬𝐤 𝐚𝐛𝐬𝐭𝐫𝐚𝐜𝐭.