The useful idea
- Understand
Risk depends on the likelihood of an event, the size of its impact, and the system's ability to recover.
- Connect
A rare event can deserve attention when its consequence is catastrophic or irreversible.
- Apply
Use stronger safeguards where recovery is difficult, even when the estimated probability is low.
Why this matters
Two equally likely mistakes can require very different levels of protection.
Try this
Ask: Can the system survive this mistake?
Test your recall
Which action best applies “Measure the Cost of Being Wrong”?
- Ask: Can the system survive this mistake? — correct
- Keep the original plan without checking the mechanism.
- Treat the first visible result as the whole system.
Two equally likely mistakes can require very different levels of protection.