this post was submitted on 14 Jul 2025
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[โ€“] [email protected] 4 points 6 days ago

Worst case scenarios make for robust plans, but they cannot protect you from unknown unknowns ('black swan events')

[โ€“] [email protected] 4 points 6 days ago

A worst-case scenario is a concept in risk management wherein the planner, in planning for potential disasters, considers the most severe possible outcome that can reasonably be projected to occur in a given situation. Conceiving of worst-case scenarios is a common form of strategic planning, specifically scenario planning, to prepare for and minimize contingencies that could result in accidents, quality problems, or other issues.