Rumsfeld Matrix - The Uncertainty Project
By identifying and addressing the known unknowns and unknown knowns, teams can share knowledge, challenge assumptions, and collaborate more effectively. Begin by clarifying the decision context, including the objectives, constraints, and key stakeholders.
From Known Knowns to Unknown Unknowns: The Rumsfeld …
The Rumsfeld Matrix, also known as the “Known Unknowns” matrix, is a tool introduced by former U.S. Secretary of Defense, Donald Rumsfeld. It categorizes information into four quadrants based on what we know and don’t know: Known Knowns, Known Unknowns, Unknown Knowns, and Unknown Unknowns.
idea of ‘unknown unknowns’. It could be said that our world today – and financial markets as a subset – has faced and is facing an unprecedented number of ‘unknown unknowns’. Cast your minds back only to the surprise Trump election victory to find a fitting example to a popular ‘unknown unknown’
Risk Classification: Known-Knowns, Known-Unknowns, Unknown-Knowns …
Sep 16, 2019 · Unknown-unknowns: These are “unknown risks” - the unknown risks with unknown or unforeseen work. In this case knowledge does not exist within the community or the sphere of influence of the risk manager. This four-quadrant classification is shown in …
There are unknown unknowns - Wikipedia
Unknown unknowns (unexpected or unforeseeable conditions), which pose a potentially greater risk simply because they cannot be anticipated based on past experience or investigation. Known unknowns result from recognized but poorly understood phenomena.
Characterizing unknown unknowns - Project Management Institute
Oct 23, 2012 · Through the characterization of unknown unknowns, the model helps identify what had been believed to be unidentifiable or unimaginable risks. Finding more unknown unknowns means converting them to known unknowns so that …
Developing Strategy Under Uncertainty: Applying the Known-Unknown …
How to use the Known-Unknown Matrix as a tool for starting a strategic process, organizing information, or dealing with decision block. Typically, at the heart of any strategy decision is a simple but difficult question that boils down to: "What should we do and why?"
How to Use the “Knowns” and “Unknowns” Technique to Manage Assumptions
May 9, 2019 · In this post, we will show you a “Knowns” and “Unknowns” technique that quickly answers three basic questions to help you identify and manage assumptions: What assumptions are there that we know (validated)? What assumptions are there can we know but have not validated? What assumptions are there that we cannot know? Knowns and Unknowns
Six Key Strategies to Manage “Known Unknowns”
May 17, 2021 · Unknowns are threats that become known when they’re formally identified on a so-called risk register, which is nothing but a simple chart or spreadsheet. These are specific risk events—which, by definition, may or may not materialize—with potentially negative impact on project objectives or business operations.
Uncertainty Matrix - Thinking Toolbox by Ness Labs
Known-Unknowns are uncertainties that we know exist, but don't have a plan for. For example, we may not know if our company will be acquired by another, or if our product will be discontinued. Unknown-Knowns are uncertainties that we're not aware of, but that others may be.
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