Risk Vs Benefit Framework
April 12th 2021
In my previous leaders letters, frameworks have been some of the most popular newsletters and most replied to newsletters.
This week I wanted to introduce you to different pros vs con’s list I have used for a number of years that helped me to make better decisions, professionally and personally.
Risk vs Benefit framework enables you to breakdown big decisions and questions in a repeatable framework.
You have two options.
Are you pen and pad or type and table?
Pen and Pad: Write down on paper, half an a4 sheet, risks one side, benefit the other.
Type and Table: Or in a table, excel, sheets, notion, apple apps and write down and explain in detail.
Risk – Anything you face as a risk, anything that could be put at risk or a big red flag that needs to be called out.
Benefit – Anything that will benefit you, the team, the company.
The more detail you include, the better in helping you to understand the first, second and third-order effects of your decision and the better decisions you ultimately make.
Simple yet effective.
I tend to keep these risks vs benefit tables and revisit, optional but connected to micro-moments and making better long term decisions.
This week, take a look at the risk vs benefit framework and consider how you will make better, more informed decisions.
Have a great week and thanks for the recent replies to the newsletters.
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